Looking to diversify beyond HYP? The ETFs below have the lowest correlation with HYP — 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 HYP.
Best Diversifiers for HYP
0 ETFs have low correlation with HYP (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Dividend ETF for Rising Rates (FDRR) (Large Cap Blend Equities) with a 1Y correlation of 0.55, roughly unchanged from 0.55 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Dividend ETF for Rising Rates | 0.55 | 0.55 | 0.55 | 76 | Large Cap Blend Equities, Dividend | HYP vs FDRR | |
| Xtrackers S&P 500 Growth ESG ETF | 0.63 | 0.63 | 0.63 | 67 | Large Cap Growth Equities, S&P 500 | HYP vs SNPG | |
| iShares ESG MSCI USA Leaders ETF | 0.63 | 0.63 | 0.63 | 60 | Large Cap Growth Equities | HYP vs SUSL | |
| Principal U.S. Mega-Cap ETF | 0.64 | 0.64 | 0.64 | 54 | Large Cap Growth Equities | HYP vs USMC | |
| Fidelity Quality Factor ETF | 0.64 | 0.64 | 0.64 | 57 | Large Cap Growth Equities | HYP vs FQAL |
See all 37 diversifiers for HYP
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Diversification Analysis
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