Looking to diversify beyond HYSA? The ETFs below have the lowest correlation with HYSA — 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 HYSA.
Best Diversifiers for HYSA
385 ETFs have low correlation with HYSA (below 0.3), 51 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Short MSTR ETF (SMST) (Inverse Equities) with a 1Y correlation of -0.35, roughly unchanged from -0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.35 | -0.35 | -0.35 | 53 | Inverse Equities | HYSA vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.35 | -0.34 | -0.34 | 62 | Inverse Equities, Leveraged Equities | HYSA vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.34 | — | — | 63 | Derivative Income | HYSA vs WNTR | |
| United States Gasoline Fund LP | -0.26 | — | — | 69 | Oil & Gas | HYSA vs UGA | |
| ProShares UltraShort Yen | -0.22 | — | — | 73 | Leveraged Currency | HYSA vs YCS |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HYSA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HYSA and solid risk/return profiles. The least correlated is ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.21, down from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.21 | -0.03 | -0.03 | 66 | Energy | |
| Exxon Mobil Corporation | -0.19 | -0.00 | -0.00 | 75 | Energy | |
| Chevron Corporation | -0.18 | 0.01 | 0.01 | 72 | Energy | |
| BP p.l.c. | -0.15 | 0.03 | 0.03 | 74 | Energy | |
| Enterprise Products Partners L.P. | -0.11 | 0.10 | 0.10 | 85 | Energy |
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Build a portfolio that complements HYSA
Add HYSA to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with HYSA