Looking to diversify beyond HYGW? The ETFs below have the lowest correlation with HYGW — 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 HYGW.
Best Diversifiers for HYGW
290 ETFs have low correlation with HYGW (below 0.3), 50 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.24, roughly unchanged from -0.17 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.24 | -0.17 | — | 63 | Leveraged Currency | HYGW vs YCS | |
| United States Gasoline Fund LP | -0.21 | -0.06 | — | 55 | Oil & Gas | HYGW vs UGA | |
| iShares Enhanced Short-Term Bond Active ETF | -0.17 | — | — | 99 | Ultrashort Bond | HYGW vs CSHP | |
| iShares 0-3 Month Treasury Bond ETF | -0.14 | 0.01 | — | 100 | Ultrashort Bond | HYGW vs SGOV | |
| VanEck Commodity Strategy ETF | -0.13 | -0.01 | — | 57 | Commodities | HYGW vs PIT |
See all 1950 diversifiers for HYGW
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Diversification Analysis
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