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
250 ETFs have low correlation with IHY (below 0.3), 63 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.72, roughly unchanged from -0.70 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.72 | -0.70 | -0.70 | 51 | Currency | IHY vs UUP | |
| ProShares UltraShort Yen | -0.47 | -0.38 | -0.36 | 72 | Leveraged Currency | IHY vs YCS | |
| ProShares Short Bitcoin ETF | -0.33 | -0.28 | — | 57 | Cryptocurrency | IHY vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.32 | — | — | 68 | Inverse Equities, Leveraged Equities | IHY vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.32 | — | — | 70 | Derivative Income | IHY vs WNTR |
See all 1935 diversifiers for IHY
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