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
1362 ETFs have low correlation with HYHG (below 0.3), 91 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Obra Opportunistic Structured Products ETF | -0.17 | — | — | 72 | Multisector Bonds | HYHG vs OOSP | |
| F/m US Treasury 3 Month Bill ETF | -0.13 | -0.04 | — | 100 | Ultrashort Bond | HYHG vs TBIL | |
| State Street Ultra Short Term Bond ETF | -0.12 | -0.02 | -0.00 | 98 | Ultrashort Bond | HYHG vs ULST | |
| DoubleLine Commercial Real Estate ETF | -0.11 | -0.11 | — | 95 | Short-Term Bond | HYHG vs DCRE | |
| WisdomTree Floating Rate Treasury Fund | -0.11 | -0.02 | -0.04 | 100 | Government Bonds, Ultrashort Bond | HYHG vs USFR |
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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 -0.06, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Monster Beverage Corporation | -0.06 | 0.04 | 0.21 | 85 | Consumer Defensive | |
| Eli Lilly and Company | 0.05 | 0.10 | 0.13 | 75 | Healthcare | |
| Williams-Sonoma, Inc. | 0.09 | 0.21 | 0.33 | 75 | Consumer Cyclical | |
| United Parcel Service, Inc. | 0.11 | 0.23 | 0.36 | 56 | Industrials | |
| Edwards Lifesciences Corporation | 0.11 | 0.15 | 0.29 | 63 | Healthcare |
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Build a portfolio that complements HYHG
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