Looking to diversify beyond HYZD? The ETFs below have historically moved differently from HYZD, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for HYZD
1275 ETFs have low correlation with HYZD (below 0.3), 139 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.25, roughly unchanged from -0.26 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.25 | -0.26 | — | 51 | Cryptocurrency | HYZD vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.21 | — | — | 69 | Derivative Income | HYZD vs WNTR | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.18 | -0.10 | -0.10 | 96 | Inflation-Protected Bonds | HYZD vs IBID | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.17 | -0.18 | -0.18 | 97 | Inflation-Protected Bonds | HYZD vs RBIL | |
| Cambria Tactical Yield ETF | -0.16 | — | — | 99 | Tactical Allocation | HYZD vs TYLD |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for HYZD, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Permian Resources Corporation (PR) (Energy) with a 1Y correlation of -0.08, down from 0.15 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Permian Resources Corporation | -0.08 | 0.15 | — | 85 | Energy | |
| Arch Capital Group Ltd. | -0.06 | 0.02 | 0.17 | 65 | Financial Services | |
| Merck & Co., Inc. | -0.01 | 0.05 | 0.08 | 95 | Healthcare | |
| Hilton Worldwide Holdings Inc. | 0.14 | 0.30 | 0.42 | 73 | Consumer Cyclical | |
| Glaukos Corporation | 0.19 | 0.27 | 0.33 | 89 | Healthcare |
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Build a portfolio that complements HYZD
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