Looking to diversify beyond MYHD? The ETFs below have the lowest correlation with MYHD — 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 MYHD.
Best Diversifiers for MYHD
0 ETFs have low correlation with MYHD (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco BulletShares 2027 High Yield Corporate Bond ETF (BSJR) (High Yield Bonds) with a 1Y correlation of 0.82, roughly unchanged from 0.82 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco BulletShares 2027 High Yield Corporate Bon... | 0.82 | 0.82 | 0.82 | 79 | High Yield Bonds | MYHD vs BSJR |
Diversification Analysis
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