Looking to diversify beyond MYHB? The ETFs below have the lowest correlation with MYHB — 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 MYHB.
Best Diversifiers for MYHB
0 ETFs have low correlation with MYHB (below 0.3), 0 of which are negatively correlated. The least correlated is SPDR Portfolio High Yield Bond ETF (SPHY) (High Yield Bonds) with a 1Y correlation of 0.97, roughly unchanged from 0.97 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Portfolio High Yield Bond ETF | 0.97 | 0.97 | 0.97 | 62 | High Yield Bonds | MYHB vs SPHY |
Diversification Analysis
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