Looking to balance out your exposure to HYMC? The ETFs below have the lowest correlation with HYMC — they tend to move on their own, which can help reduce risk when HYMC drops. The stock ideas table highlights individual companies that behave independently from HYMC.
Best Diversifiers for HYMC
4 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 -0.02, roughly unchanged from -0.06 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Alpha Architect 1-3 Month Box ETF | -0.02 | -0.06 | — | 100 | Ultrashort Bond | HYMC vs BOXX | |
| Direxion Daily Semiconductor Bull 3X ETF | 0.18 | 0.19 | 0.23 | 97 | Leveraged Equities, Semiconductors | HYMC vs SOXL | |
| iShares MSCI South Korea ETF | 0.23 | 0.23 | 0.27 | 96 | Asia Pacific Equities | HYMC vs EWY | |
| First Trust Indxx Innovative Transaction & Process... | 0.26 | 0.27 | 0.29 | 64 | Blockchain | HYMC vs LEGR | |
| WisdomTree BioRevolution Fund | 0.30 | 0.29 | 0.28 | 57 | Health & Biotech Equities | HYMC vs WDNA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HYMC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HYMC and solid risk/return profiles. The least correlated is Mitsui Engineering & Shipbuilding Co Ltd ADR (MIESY) (Industrials) with a 1Y correlation of -0.01, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Mitsui Engineering & Shipbuilding Co Ltd ADR | -0.01 | 0.00 | 0.01 | 87 | Industrials | |
| AP Moeller-Maersk AS | 0.02 | 0.09 | 0.15 | 74 | Industrials | |
| Endesa SA ADR | 0.05 | 0.07 | 0.11 | 83 | Utilities | |
| Petróleo Brasileiro S.A. - Petrobras | 0.05 | 0.16 | 0.11 | 86 | Energy | |
| Apple Inc | 0.05 | 0.07 | 0.11 | 89 | Technology |
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