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
191 ETFs have low correlation with HYLS (below 0.3), 34 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.35, down from -0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.35 | -0.27 | -0.23 | 61 | Leveraged Currency | HYLS vs YCS | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.20 | — | — | 97 | Inflation-Protected Bonds | HYLS vs RBIL | |
| iShares Enhanced Short-Term Bond Active ETF | -0.18 | — | — | 99 | Ultrashort Bond | HYLS vs CSHP | |
| Fidelity Managed Futures ETF | -0.16 | — | — | 64 | Systematic Trend | HYLS vs FFUT | |
| VanEck Commodity Strategy ETF | -0.15 | 0.02 | 0.06 | 55 | Commodities | HYLS vs PIT |
See all 2068 diversifiers for HYLS
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements HYLS
Add HYLS to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with HYLS