Looking to diversify beyond HYGV? The ETFs below have the lowest correlation with HYGV — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from HYGV.
Best Diversifiers for HYGV
190 ETFs have low correlation with HYGV (below 0.3), 60 of which are negatively correlated. The least correlated is T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) (Inverse Equities) with a 1Y correlation of -0.43, roughly unchanged from -0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.43 | -0.42 | -0.42 | 60 | Inverse Equities, Leveraged Equities | HYGV vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.43 | -0.42 | -0.42 | 53 | Inverse Equities | HYGV vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.40 | — | — | 65 | Derivative Income | HYGV vs WNTR | |
| ProShares UltraShort Yen | -0.36 | -0.25 | -0.22 | 75 | Leveraged Currency | HYGV vs YCS | |
| United States Gasoline Fund LP | -0.28 | -0.09 | 0.04 | 72 | Oil & Gas | HYGV vs UGA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HYGV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HYGV and solid risk/return profiles. The least correlated is Nuveen AMT-Free Quality Municipal Income Fund (NEA) (Financial Services) with a 1Y correlation of 0.35, roughly unchanged from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Nuveen AMT-Free Quality Municipal Income Fund | 0.35 | 0.43 | 0.41 | 80 | Financial Services |
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