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
174 ETFs have low correlation with HYTR (below 0.3), 33 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.39, roughly unchanged from -0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.39 | -0.26 | -0.30 | 61 | Leveraged Currency | HYTR vs YCS | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.20 | — | — | 97 | Inflation-Protected Bonds | HYTR vs RBIL | |
| VanEck Commodity Strategy ETF | -0.18 | 0.02 | — | 55 | Commodities | HYTR vs PIT | |
| iShares Enhanced Short-Term Bond Active ETF | -0.18 | — | — | 99 | Ultrashort Bond | HYTR vs CSHP | |
| First Trust Alternative Absolute Return Strategy E... | -0.15 | -0.01 | 0.01 | 70 | Commodities | HYTR vs FAAR |
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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 Science and Technology Trust (BST) (Financial Services) with a 1Y correlation of 0.53, up from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BlackRock Science and Technology Trust | 0.53 | 0.47 | 0.42 | 89 | Financial Services |
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