Looking to diversify beyond IHY? The ETFs below have the lowest correlation with IHY — 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 IHY.
Best Diversifiers for IHY
202 ETFs have low correlation with IHY (below 0.3), 32 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.48, down from -0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.48 | -0.39 | -0.36 | 63 | Leveraged Currency | IHY vs YCS | |
| United States Gasoline Fund LP | -0.31 | -0.08 | 0.03 | 55 | Oil & Gas | IHY vs UGA | |
| TCW AAA CLO ETF | -0.21 | — | — | 99 | CLO | IHY vs ACLO | |
| iShares Enhanced Short-Term Bond Active ETF | -0.17 | — | — | 99 | Ultrashort Bond | IHY vs CSHP | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.15 | — | — | 97 | Inflation-Protected Bonds | IHY vs RBIL |
See all 1842 diversifiers for IHY
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