Looking to diversify beyond HYLS? The ETFs below have historically moved differently from HYLS, 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 HYLS
281 ETFs have low correlation with HYLS (below 0.3), 93 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.39 | — | — | 52 | Inverse Equities | HYLS vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.39 | — | — | 61 | Inverse Equities, Leveraged Equities | HYLS vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.39 | — | — | 75 | Derivative Income | HYLS vs WNTR | |
| ProShares Short Bitcoin ETF | -0.38 | -0.24 | — | 61 | Cryptocurrency | HYLS vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.37 | -0.30 | -0.30 | 55 | Cryptocurrency, Leveraged Cryptocurrency | HYLS vs SBIT |
See all 2225 diversifiers for HYLS
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