Looking to diversify beyond HYGW? The ETFs below have historically moved differently from HYGW, 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 HYGW
375 ETFs have low correlation with HYGW (below 0.3), 91 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.39, down from -0.28 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.39 | -0.28 | — | 51 | Cryptocurrency | HYGW vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.37 | — | — | 69 | Derivative Income | HYGW vs WNTR | |
| Invesco DB Energy Fund | -0.26 | -0.10 | — | 66 | Oil & Gas | HYGW vs DBE | |
| Invesco DB Oil Fund | -0.23 | -0.08 | 0.02 | 51 | Oil & Gas | HYGW vs DBO | |
| FolioBeyond Alternative Income and Interest Rate H... | -0.23 | -0.21 | -0.17 | 51 | Nontraditional Bonds | HYGW vs RISR |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements HYGW
Add HYGW to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with HYGW