Looking to diversify beyond HYUP? The ETFs below have the lowest correlation with HYUP — 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 HYUP.
Best Diversifiers for HYUP
171 ETFs have low correlation with HYUP (below 0.3), 43 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.37, down from -0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.37 | -0.24 | -0.22 | 63 | Leveraged Currency | HYUP vs YCS | |
| United States Gasoline Fund LP | -0.32 | -0.07 | 0.05 | 55 | Oil & Gas | HYUP vs UGA | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.22 | — | — | 97 | Inflation-Protected Bonds | HYUP vs RBIL | |
| iShares Enhanced Short-Term Bond Active ETF | -0.17 | — | — | 99 | Ultrashort Bond | HYUP vs CSHP | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.17 | — | — | 98 | Inflation-Protected Bonds | HYUP vs IBIC |
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