Looking to diversify beyond HYMB? The ETFs below have historically moved differently from HYMB, 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 HYMB
1343 ETFs have low correlation with HYMB (below 0.3), 112 of which are negatively correlated. The least correlated is Invesco DB Oil Fund (DBO) (Oil & Gas) with a 1Y correlation of -0.38, down from -0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Oil Fund | -0.38 | -0.19 | -0.09 | 58 | Oil & Gas | HYMB vs DBO | |
| Invesco DB Energy Fund | -0.37 | -0.19 | -0.09 | 72 | Oil & Gas | HYMB vs DBE | |
| United States Brent Oil Fund LP | -0.34 | -0.17 | -0.09 | 52 | Oil & Gas | HYMB vs BNO | |
| MicroSectors Energy 3X Leveraged ETN | -0.34 | -0.13 | -0.11 | 55 | Leveraged Equities | HYMB vs WTIU | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.33 | -0.15 | -0.07 | 67 | Commodities | HYMB vs GSG |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for HYMB, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Oxford Lane Capital Corp. (OXLCP) (Financial Services) with a 1Y correlation of -0.04, down from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Oxford Lane Capital Corp. | -0.04 | 0.04 | 0.09 | 97 | Financial Services | |
| LTC Properties, Inc. | 0.03 | 0.15 | 0.16 | 80 | Real Estate | |
| Oxford Lane Capital Corp. 7.125% Series 2029 Term ... | 0.04 | -0.01 | — | 86 | Financial Services | |
| Berkshire Hathaway Inc. | 0.07 | 0.07 | 0.10 | 61 | Financial Services | |
| Visa Inc. | 0.09 | 0.12 | 0.15 | 53 | Financial Services |
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