Looking to diversify beyond HYTR? The ETFs below have the lowest correlation with HYTR — 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 HYTR.
Best Diversifiers for HYTR
191 ETFs have low correlation with HYTR (below 0.3), 61 of which are negatively correlated. The least correlated is T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) (Inverse Equities) with a 1Y correlation of -0.43, roughly unchanged from -0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.43 | -0.39 | -0.39 | 60 | Inverse Equities, Leveraged Equities | HYTR vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.43 | -0.38 | -0.38 | 53 | Inverse Equities | HYTR vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.41 | — | — | 65 | Derivative Income | HYTR vs WNTR | |
| ProShares UltraShort Yen | -0.39 | -0.26 | -0.30 | 75 | Leveraged Currency | HYTR vs YCS | |
| United States Gasoline Fund LP | -0.32 | -0.08 | 0.03 | 72 | Oil & Gas | HYTR vs UGA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HYTR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HYTR and solid risk/return profiles. The least correlated is BlackRock Capital Allocation Term Trust (BCAT) (Financial Services) with a 1Y correlation of 0.52, up from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BlackRock Capital Allocation Term Trust | 0.52 | 0.45 | 0.41 | 94 | Financial Services | |
| BlackRock Science and Technology Trust | 0.52 | 0.46 | 0.42 | 87 | Financial Services |
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