Looking to diversify beyond KHYB? The ETFs below have the lowest correlation with KHYB — 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 KHYB.
Best Diversifiers for KHYB
271 ETFs have low correlation with KHYB (below 0.3), 29 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.26 | — | — | 97 | Inflation-Protected Bonds | KHYB vs RBIL | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.24 | — | — | 98 | Inflation-Protected Bonds | KHYB vs IBIC | |
| ProShares UltraShort Yen | -0.22 | -0.10 | -0.10 | 61 | Leveraged Currency | KHYB vs YCS | |
| VanEck Commodity Strategy ETF | -0.19 | -0.01 | — | 55 | Commodities | KHYB vs PIT | |
| Alerian Energy Infrastructure ETF | -0.17 | 0.15 | 0.14 | 50 | Energy Equities | KHYB vs ENFR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from KHYB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to KHYB and solid risk/return profiles. The least correlated is Oxford Lane Capital Corp. (OXLCP) (Financial Services) with a 1Y correlation of 0.03, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Oxford Lane Capital Corp. | 0.03 | 0.03 | 0.07 | 95 | Financial Services | |
| Oxford Lane Capital Corp. 7.125% Series 2029 Term ... | 0.17 | 0.12 | 0.09 | 83 | Financial Services |
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