Looking to balance out your exposure to HYMC? The ETFs below have historically moved differently from HYMC, 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 HYMC
10 ETFs have low correlation with HYMC (below 0.3), 1 of which are negatively correlated. The least correlated is Alpha Architect 1-3 Month Box ETF (BOXX) (Ultrashort Bond) with a 1Y correlation of -0.01, roughly unchanged from -0.06 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Alpha Architect 1-3 Month Box ETF | -0.01 | -0.06 | — | 100 | Ultrashort Bond | HYMC vs BOXX | |
| Invesco BuyBack Achievers™ ETF | 0.13 | 0.15 | 0.19 | 60 | Mid Cap Value Equities | HYMC vs PKW | |
| First Trust Rising Dividend Achievers ETF | 0.19 | 0.19 | 0.21 | 86 | Dividend, Large Cap Blend Equities | HYMC vs RDVY | |
| Franklin International Low Volatility High Dividen... | 0.20 | 0.20 | 0.20 | 96 | Dividend, Low Volatility | HYMC vs LVHI | |
| Vanguard Short-Term Corporate Bond ETF | 0.20 | 0.14 | 0.17 | 68 | Corporate Bonds | HYMC vs VCSH |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for HYMC, 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 Mitsui Engineering & Shipbuilding Co Ltd ADR (MIESY) (Industrials) with a 1Y correlation of -0.03, roughly unchanged from 0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Mitsui Engineering & Shipbuilding Co Ltd ADR | -0.03 | -0.01 | 0.00 | 88 | Industrials | |
| AP Moeller-Maersk AS | 0.01 | 0.06 | 0.13 | 68 | Industrials | |
| Endesa SA ADR | 0.02 | 0.06 | 0.11 | 95 | Utilities | |
| Petróleo Brasileiro S.A. - Petrobras | 0.06 | 0.16 | 0.10 | 79 | Energy | |
| Apple Inc | 0.07 | 0.08 | 0.11 | 90 | Technology |
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