Looking to diversify beyond HYLS? The ETFs below have the lowest correlation with HYLS — 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 HYLS.
Best Diversifiers for HYLS
215 ETFs have low correlation with HYLS (below 0.3), 61 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.38 | — | — | 60 | Inverse Equities, Leveraged Equities | HYLS vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.38 | — | — | 53 | Inverse Equities | HYLS vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.37 | — | — | 65 | Derivative Income | HYLS vs WNTR | |
| ProShares UltraShort Yen | -0.33 | -0.27 | -0.23 | 75 | Leveraged Currency | HYLS vs YCS | |
| United States Gasoline Fund LP | -0.25 | -0.06 | 0.04 | 72 | Oil & Gas | HYLS vs UGA |
See all 2050 diversifiers for HYLS
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Diversification Analysis
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