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
1608 ETFs have low correlation with HYMB (below 0.3), 51 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.31, roughly unchanged from -0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.31 | -0.29 | -0.30 | 61 | Leveraged Currency | HYMB vs YCS | |
| Fidelity Managed Futures ETF | -0.25 | — | — | 64 | Systematic Trend | HYMB vs FFUT | |
| Bastion Energy ETF | -0.23 | — | — | 75 | Energy Equities | HYMB vs BESF | |
| VanEck Commodity Strategy ETF | -0.20 | -0.08 | — | 55 | Commodities | HYMB vs PIT | |
| iShares Enhanced Short-Term Bond Active ETF | -0.19 | — | — | 99 | Ultrashort Bond | HYMB vs CSHP |
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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 -0.08, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Oxford Lane Capital Corp. | -0.08 | 0.03 | 0.09 | 95 | Financial Services | |
| Oxford Lane Capital Corp. 7.125% Series 2029 Term ... | 0.02 | -0.01 | — | 83 | Financial Services | |
| Nuveen AMT-Free Municipal Credit Income Fund | 0.45 | 0.47 | 0.46 | 78 | Financial Services |
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