Looking to diversify beyond HYLB? The ETFs below have the lowest correlation with HYLB — 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 HYLB.
Best Diversifiers for HYLB
175 ETFs have low correlation with HYLB (below 0.3), 61 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 -0.40, roughly unchanged from -0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.40 | -0.41 | -0.41 | 60 | Inverse Equities, Leveraged Equities | HYLB vs MSTZ | |
| ProShares UltraShort Yen | -0.38 | -0.25 | -0.24 | 75 | Leveraged Currency | HYLB vs YCS | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.38 | -0.41 | -0.41 | 65 | Derivative Income | HYLB vs WNTR | |
| United States Gasoline Fund LP | -0.30 | -0.07 | 0.05 | 72 | Oil & Gas | HYLB vs UGA | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.22 | 0.00 | 0.11 | 51 | Commodities | HYLB vs PDBC |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HYLB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HYLB and solid risk/return profiles. The least correlated is Agree Realty Corporation (ADC) (Real Estate) with a 1Y correlation of 0.08, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Agree Realty Corporation | 0.08 | 0.22 | 0.27 | 70 | Real Estate | |
| Oxford Lane Capital Corp. | 0.11 | 0.10 | 0.13 | 96 | Financial Services | |
| Oxford Lane Capital Corp. 7.125% Series 2029 Term ... | 0.17 | 0.05 | 0.10 | 86 | Financial Services | |
| Rocket Lab USA, Inc. | 0.33 | 0.39 | 0.42 | 79 | Industrials | |
| Amazon.com, Inc | 0.42 | 0.42 | 0.51 | 55 | Consumer Cyclical |
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