Looking to diversify beyond HYLB? The ETFs below have historically moved differently from HYLB, 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 HYLB
231 ETFs have low correlation with HYLB (below 0.3), 98 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.41 | — | — | 61 | Inverse Equities, Leveraged Equities | HYLB vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.40 | -0.31 | — | 61 | Cryptocurrency | HYLB vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.40 | — | — | 75 | Derivative Income | HYLB vs WNTR | |
| Proshares Ultrashort Bitcoin ETF | -0.39 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | HYLB vs SBIT | |
| ProShares UltraShort Yen | -0.36 | -0.26 | -0.25 | 56 | Leveraged Currency | HYLB vs YCS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for HYLB, 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 Agree Realty Corporation (ADC) (Real Estate) with a 1Y correlation of 0.06, down from 0.27 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Agree Realty Corporation | 0.06 | 0.22 | 0.27 | 68 | Real Estate | |
| Oxford Lane Capital Corp. | 0.08 | 0.12 | 0.13 | 97 | Financial Services | |
| Oxford Lane Capital Corp. 7.125% Series 2029 Term ... | 0.12 | 0.04 | 0.10 | 86 | Financial Services | |
| Berkshire Hathaway Inc. | 0.14 | 0.30 | 0.40 | 61 | Financial Services | |
| Rocket Lab USA, Inc. | 0.32 | 0.38 | — | 62 | Industrials |
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