Looking to diversify beyond HYXF? The ETFs below have the lowest correlation with HYXF — 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 HYXF.
Best Diversifiers for HYXF
175 ETFs have low correlation with HYXF (below 0.3), 30 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.42, down from -0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.42 | -0.24 | -0.23 | 61 | Leveraged Currency | HYXF vs YCS | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.20 | -0.18 | -0.18 | 97 | Inflation-Protected Bonds | HYXF vs RBIL | |
| VanEck Commodity Strategy ETF | -0.19 | 0.00 | 0.05 | 55 | Commodities | HYXF vs PIT | |
| iShares Enhanced Short-Term Bond Active ETF | -0.16 | -0.03 | -0.03 | 99 | Ultrashort Bond | HYXF vs CSHP | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.15 | 0.18 | 0.18 | 98 | Inflation-Protected Bonds | HYXF vs IBIC |
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