Looking to diversify beyond HYSD? The ETFs below have the lowest correlation with HYSD — 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 HYSD.
Best Diversifiers for HYSD
212 ETFs have low correlation with HYSD (below 0.3), 60 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 | -0.38 | — | — | 60 | Inverse Equities, Leveraged Equities | HYSD vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.38 | — | — | 53 | Inverse Equities | HYSD vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.36 | — | — | 65 | Derivative Income | HYSD vs WNTR | |
| ProShares UltraShort Yen | -0.32 | — | — | 75 | Leveraged Currency | HYSD vs YCS | |
| United States Gasoline Fund LP | -0.24 | — | — | 72 | Oil & Gas | HYSD vs UGA |
See all 2049 diversifiers for HYSD
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Diversification Analysis
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