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
326 ETFs have low correlation with HYGW (below 0.3), 78 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.37, roughly unchanged from -0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.37 | -0.28 | -0.29 | 57 | Cryptocurrency | HYGW vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.37 | -0.31 | -0.31 | 52 | Cryptocurrency, Leveraged Cryptocurrency | HYGW vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.37 | -0.36 | — | 68 | Inverse Equities, Leveraged Equities | HYGW vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.37 | -0.36 | — | 60 | Inverse Equities | HYGW vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.35 | — | — | 70 | Derivative Income | HYGW vs WNTR |
See all 2051 diversifiers for HYGW
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