Looking to diversify beyond HYGV? The ETFs below have historically moved differently from HYGV, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for HYGV
228 ETFs have low correlation with HYGV (below 0.3), 89 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.42, roughly unchanged from -0.34 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.42 | -0.34 | — | 51 | Cryptocurrency | HYGV vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.42 | — | — | 69 | Derivative Income | HYGV vs WNTR | |
| Invesco DB Energy Fund | -0.35 | -0.13 | 0.04 | 66 | Oil & Gas | HYGV vs DBE | |
| ProShares UltraShort Yen | -0.35 | -0.26 | -0.22 | 59 | Leveraged Currency | HYGV vs YCS | |
| Invesco DB Oil Fund | -0.30 | -0.10 | 0.04 | 51 | Oil & Gas | HYGV vs DBO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for HYGV, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Alibaba Group Holding Limited (BABA) (Consumer Cyclical) with a 1Y correlation of 0.30, roughly unchanged from 0.31 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Alibaba Group Holding Limited | 0.30 | 0.28 | 0.31 | 50 | Consumer Cyclical | |
| Nuveen AMT-Free Quality Municipal Income Fund | 0.38 | 0.42 | 0.41 | 76 | Financial Services |
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