Looking to diversify beyond IYH? The ETFs below have the lowest correlation with IYH — 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 IYH.
Best Diversifiers for IYH
860 ETFs have low correlation with IYH (below 0.3), 26 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.28, down from -0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.28 | -0.11 | -0.09 | 61 | Leveraged Currency | IYH vs YCS | |
| First Trust Alternative Absolute Return Strategy E... | -0.18 | -0.07 | -0.05 | 70 | Commodities | IYH vs FAAR | |
| VanEck Commodity Strategy ETF | -0.17 | -0.08 | — | 55 | Commodities | IYH vs PIT | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.16 | -0.08 | -0.08 | 98 | Inflation-Protected Bonds | IYH vs IBIC | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.16 | — | — | 97 | Inflation-Protected Bonds | IYH vs RBIL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IYH, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IYH and solid risk/return profiles. The least correlated is Broadcom Inc. (AVGO) (Technology) with a 1Y correlation of -0.04, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | -0.04 | 0.12 | 0.27 | 75 | Technology | |
| NVIDIA Corporation | -0.01 | 0.11 | 0.26 | 76 | Technology | |
| CrowdStrike Holdings, Inc. | -0.01 | 0.13 | 0.26 | 66 | Technology | |
| Celestica Inc. | 0.01 | 0.10 | 0.22 | 90 | Technology | |
| Flex Ltd. | 0.04 | 0.19 | 0.31 | 97 | Technology |
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Build a portfolio that complements IYH
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