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
1461 ETFs have low correlation with HYZD (below 0.3), 108 of which are negatively correlated. The least correlated is F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL) (Inflation-Protected Bonds) with a 1Y correlation of -0.22, roughly unchanged from -0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.22 | -0.20 | -0.20 | 98 | Inflation-Protected Bonds | HYZD vs RBIL | |
| Cambria Tactical Yield ETF | -0.17 | — | — | 99 | HYZD vs TYLD | ||
| Defiance Oil Enhanced Options Income ETF | -0.13 | 0.05 | 0.05 | 56 | Derivative Income | HYZD vs USOY | |
| WisdomTree Floating Rate Treasury Fund | -0.12 | -0.05 | -0.04 | 100 | Government Bonds, Ultrashort Bond | HYZD vs USFR | |
| United States Oil Fund LP | -0.12 | 0.07 | 0.14 | 66 | Oil & Gas | HYZD vs USO |
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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 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Permian Resources Corporation | -0.06 | 0.18 | 0.28 | 81 | Energy | |
| Merck & Co., Inc. | 0.05 | 0.07 | 0.08 | 87 | Healthcare | |
| Applied Materials, Inc. | 0.17 | 0.21 | 0.36 | 96 | Technology | |
| Hilton Worldwide Holdings Inc. | 0.17 | 0.31 | 0.42 | 78 | Consumer Cyclical | |
| Glaukos Corporation | 0.18 | 0.28 | 0.34 | 55 | Healthcare |
Build a portfolio that complements HYZD
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