Looking to diversify beyond HYP? The ETFs below have historically moved differently from HYP, 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 HYP
0 ETFs have low correlation with HYP (below 0.3), 0 of which are negatively correlated. The least correlated is T. Rowe Price Dividend Growth ETF (TDVG) (Large Cap Blend Equities) with a 1Y correlation of 0.45, roughly unchanged from 0.45 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Dividend Growth ETF | 0.45 | 0.45 | 0.45 | 80 | Large Cap Blend Equities, Dividend, Actively Managed | HYP vs TDVG | |
| WisdomTree U.S. Quality Dividend Growth Fund | 0.52 | 0.52 | 0.52 | 59 | Quality Factor, Dividend, Large Cap Growth Equities | HYP vs DGRW | |
| Goldman Sachs Equal Weight U.S. Large Cap Equity E... | 0.53 | 0.53 | 0.53 | 60 | Large Cap Blend Equities, Equal Weight | HYP vs GSEW | |
| Xtrackers MSCI USA ESG Leaders Equity ETF | 0.62 | 0.62 | 0.62 | 60 | Large Cap Growth Equities | HYP vs USSG | |
| JPMorgan U.S. Quality Factor ETF | 0.63 | 0.63 | 0.63 | 79 | Quality Factor, Large Cap Blend Equities | HYP vs JQUA |
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