Looking to diversify beyond HYS? The ETFs below have the lowest correlation with HYS — 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 HYS.
Best Diversifiers for HYS
225 ETFs have low correlation with HYS (below 0.3), 75 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.43 | — | — | 68 | Inverse Equities, Leveraged Equities | HYS vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.43 | — | — | 60 | Inverse Equities | HYS vs SMST | |
| ProShares Short Bitcoin ETF | -0.42 | -0.30 | — | 57 | Cryptocurrency | HYS vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.42 | — | — | 52 | Cryptocurrency, Leveraged Cryptocurrency | HYS vs SBIT | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.41 | — | — | 70 | Derivative Income | HYS vs WNTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HYS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HYS and solid risk/return profiles. The least correlated is Realty Income Corporation (O) (Real Estate) with a 1Y correlation of 0.13, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Realty Income Corporation | 0.13 | 0.29 | 0.37 | 74 | Real Estate | |
| NVIDIA Corporation | 0.26 | 0.31 | 0.45 | 65 | Technology | |
| Eaton Vance Tax-Managed Buy-Write Opportunities Fu... | 0.50 | 0.50 | 0.56 | 82 | Financial Services |
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