Looking to diversify beyond HYHG? The ETFs below have the lowest correlation with HYHG — 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 HYHG.
Best Diversifiers for HYHG
1434 ETFs have low correlation with HYHG (below 0.3), 117 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 -0.25, roughly unchanged from -0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.25 | -0.25 | -0.25 | 60 | Inverse Equities, Leveraged Equities | HYHG vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.25 | -0.25 | -0.25 | 53 | Inverse Equities | HYHG vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.20 | -0.22 | -0.22 | 65 | Derivative Income | HYHG vs WNTR | |
| Obra Opportunistic Structured Products ETF | -0.15 | — | — | 84 | Multisector Bonds | HYHG vs OOSP | |
| State Street Ultra Short Term Bond ETF | -0.14 | -0.02 | -0.00 | 99 | Ultrashort Bond | HYHG vs ULST |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HYHG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HYHG and solid risk/return profiles. The least correlated is Monster Beverage Corporation (MNST) (Consumer Defensive) with a 1Y correlation of -0.07, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Monster Beverage Corporation | -0.07 | 0.04 | 0.20 | 93 | Consumer Defensive | |
| Walmart Inc. | -0.01 | 0.08 | 0.16 | 70 | Consumer Defensive | |
| Novartis AG | -0.01 | 0.05 | 0.12 | 80 | Healthcare | |
| Eli Lilly and Company | 0.05 | 0.09 | 0.12 | 80 | Healthcare | |
| Williams-Sonoma, Inc. | 0.07 | 0.20 | 0.32 | 68 | Consumer Cyclical |
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Build a portfolio that complements HYHG
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