Looking to diversify beyond HYXF? The ETFs below have historically moved differently from HYXF, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for HYXF
240 ETFs have low correlation with HYXF (below 0.3), 87 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.37, down from -0.23 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.37 | -0.24 | -0.23 | 59 | Leveraged Currency | HYXF vs YCS | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.37 | — | — | 69 | Derivative Income | HYXF vs WNTR | |
| Invesco DB Oil Fund | -0.35 | -0.10 | 0.03 | 51 | Oil & Gas | HYXF vs DBO | |
| Invesco DB Energy Fund | -0.35 | -0.11 | 0.03 | 66 | Oil & Gas | HYXF vs DBE | |
| ProShares Short Bitcoin ETF | -0.34 | -0.31 | — | 51 | Cryptocurrency | HYXF vs BITI |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements HYXF
Add HYXF to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with HYXF