Looking to diversify beyond HYMB? The ETFs below have the lowest correlation with HYMB — 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 HYMB.
Best Diversifiers for HYMB
1402 ETFs have low correlation with HYMB (below 0.3), 91 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.32, down from -0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.32 | -0.16 | -0.08 | 53 | Oil & Gas | HYMB vs DBE | |
| Invesco DB US Dollar Index Bullish Fund | -0.32 | -0.28 | -0.27 | 51 | Currency | HYMB vs UUP | |
| United States Gasoline Fund LP | -0.30 | -0.14 | -0.07 | 78 | Oil & Gas | HYMB vs UGA | |
| ProShares UltraShort Yen | -0.30 | -0.30 | -0.30 | 72 | Leveraged Currency | HYMB vs YCS | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.29 | -0.13 | -0.06 | 51 | Commodities | HYMB vs GSG |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HYMB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HYMB and solid risk/return profiles. The least correlated is Oxford Lane Capital Corp. (OXLCP) (Financial Services) with a 1Y correlation of -0.06, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Oxford Lane Capital Corp. | -0.06 | 0.03 | 0.09 | 96 | Financial Services | |
| Oxford Lane Capital Corp. 7.125% Series 2029 Term ... | 0.03 | -0.01 | — | 88 | Financial Services | |
| LTC Properties, Inc. | 0.05 | 0.15 | 0.16 | 74 | Real Estate | |
| Berkshire Hathaway Inc. | 0.06 | 0.07 | 0.10 | 53 | Financial Services | |
| Agree Realty Corporation | 0.13 | 0.21 | 0.18 | 70 | Real Estate |
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