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
1108 ETFs have low correlation with HYZD (below 0.3), 116 of which are negatively correlated. The least correlated is Proshares Ultrashort Bitcoin ETF (SBIT) (Cryptocurrency) with a 1Y correlation of -0.26, roughly unchanged from -0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.26 | -0.29 | -0.29 | 52 | Cryptocurrency, Leveraged Cryptocurrency | HYZD vs SBIT | |
| ProShares Short Bitcoin ETF | -0.26 | -0.26 | -0.30 | 57 | Cryptocurrency | HYZD vs BITI | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.21 | — | — | 70 | Derivative Income | HYZD vs WNTR | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.20 | -0.27 | -0.27 | 68 | Inverse Equities, Leveraged Equities | HYZD vs MSTZ | |
| Invesco DB US Dollar Index Bullish Fund | -0.19 | -0.12 | -0.19 | 51 | Currency | HYZD vs UUP |
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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 Arch Capital Group Ltd. (ACGL) (Financial Services) with a 1Y correlation of -0.06, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Arch Capital Group Ltd. | -0.06 | 0.03 | 0.17 | 68 | Financial Services | |
| Permian Resources Corporation | -0.05 | 0.17 | — | 79 | Energy | |
| Merck & Co., Inc. | 0.01 | 0.06 | 0.08 | 91 | Healthcare | |
| Hilton Worldwide Holdings Inc. | 0.15 | 0.30 | 0.42 | 68 | Consumer Cyclical | |
| Glaukos Corporation | 0.19 | 0.27 | 0.33 | 74 | Healthcare |
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Build a portfolio that complements HYZD
Add HYZD to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with HYZD