Looking to diversify beyond HYZD? The ETFs below have the lowest correlation with HYZD — 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 HYZD.
Best Diversifiers for HYZD
1118 ETFs have low correlation with HYZD (below 0.3), 73 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cambria Tactical Yield ETF | -0.17 | — | — | 99 | HYZD vs TYLD | ||
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.17 | — | — | 97 | Inflation-Protected Bonds | HYZD vs RBIL | |
| Horizon Landmark ETF | -0.15 | — | — | 98 | Ultrashort Bond | HYZD vs BENJ | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.13 | — | — | 95 | Inflation-Protected Bonds | HYZD vs IBID | |
| WisdomTree Floating Rate Treasury Fund | -0.13 | -0.05 | -0.04 | 100 | Government Bonds, Ultrashort Bond | HYZD vs USFR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HYZD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HYZD and solid risk/return profiles. The least correlated is Permian Resources Corporation (PR) (Energy) with a 1Y correlation of -0.06, down from 0.17 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Permian Resources Corporation | -0.06 | 0.17 | — | 75 | Energy | |
| Merck & Co., Inc. | 0.06 | 0.07 | 0.08 | 89 | Healthcare | |
| Hilton Worldwide Holdings Inc. | 0.18 | 0.31 | 0.42 | 83 | Consumer Cyclical | |
| Applied Materials, Inc. | 0.19 | 0.26 | 0.42 | 97 | Technology | |
| Glaukos Corporation | 0.21 | 0.28 | 0.34 | 66 | Healthcare |
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