Looking to diversify beyond HYHG? The ETFs below have historically moved differently from HYHG, 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 HYHG
1755 ETFs have low correlation with HYHG (below 0.3), 157 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.23 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | HYHG vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.23 | — | — | 61 | Inverse Equities, Leveraged Equities | HYHG vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.23 | — | — | 52 | Inverse Equities | HYHG vs SMST | |
| ProShares Short Bitcoin ETF | -0.23 | -0.21 | — | 61 | Cryptocurrency | HYHG vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.19 | — | — | 75 | Derivative Income | HYHG vs WNTR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for HYHG, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Monster Beverage Corporation (MNST) (Consumer Defensive) with a 1Y correlation of -0.07, down from 0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Monster Beverage Corporation | -0.07 | 0.03 | 0.20 | 94 | Consumer Defensive | |
| Novartis AG | -0.02 | 0.05 | 0.12 | 89 | Healthcare | |
| Walmart Inc. | 0.01 | 0.08 | 0.16 | 62 | Consumer Defensive | |
| Williams-Sonoma, Inc. | 0.04 | 0.19 | 0.32 | 66 | Consumer Cyclical | |
| Eli Lilly and Company | 0.04 | 0.11 | 0.13 | 83 | Healthcare |
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