Looking to diversify beyond IYLD? The ETFs below have the lowest correlation with IYLD — 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 IYLD.
Best Diversifiers for IYLD
232 ETFs have low correlation with IYLD (below 0.3), 41 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.41, roughly unchanged from -0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.41 | -0.35 | -0.33 | 75 | Leveraged Currency | IYLD vs YCS | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.39 | — | — | 60 | Inverse Equities, Leveraged Equities | IYLD vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.39 | — | — | 53 | Inverse Equities | IYLD vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.35 | — | — | 65 | Derivative Income | IYLD vs WNTR | |
| United States Gasoline Fund LP | -0.20 | -0.02 | 0.07 | 72 | Oil & Gas | IYLD vs UGA |
See all 2054 diversifiers for IYLD
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