Looking to diversify beyond IHY? The ETFs below have historically moved differently from IHY, 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 IHY
313 ETFs have low correlation with IHY (below 0.3), 83 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.46, roughly unchanged from -0.37 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.46 | -0.39 | -0.37 | 59 | Leveraged Currency | IHY vs YCS | |
| ProShares Short Bitcoin ETF | -0.35 | -0.28 | — | 51 | Cryptocurrency | IHY vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.34 | — | — | 69 | Derivative Income | IHY vs WNTR | |
| Invesco DB Energy Fund | -0.27 | -0.09 | 0.04 | 66 | Oil & Gas | IHY vs DBE | |
| United States Gasoline Fund, LP | -0.26 | -0.09 | 0.02 | 83 | Oil & Gas | IHY vs UGA |
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