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
207 ETFs have low correlation with HYXF (below 0.3), 59 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.39, down from -0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.39 | -0.24 | -0.22 | 75 | Leveraged Currency | HYXF vs YCS | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.37 | -0.38 | -0.38 | 60 | Inverse Equities, Leveraged Equities | HYXF vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.36 | -0.38 | -0.38 | 53 | Inverse Equities | HYXF vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.34 | -0.38 | -0.38 | 65 | Derivative Income | HYXF vs WNTR | |
| United States Gasoline Fund LP | -0.26 | -0.07 | 0.04 | 72 | Oil & Gas | HYXF vs UGA |
See all 2050 diversifiers for HYXF
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Diversification Analysis
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