Looking to diversify beyond MYHE? The ETFs below have the lowest correlation with MYHE — 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 MYHE.
Best Diversifiers for MYHE
0 ETFs have low correlation with MYHE (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.81, roughly unchanged from 0.81 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.81 | 0.81 | 0.81 | 74 | S&P 500 | MYHE vs SPY | |
| iShares Broad USD High Yield Corporate Bond ETF | 0.83 | 0.83 | 0.83 | 63 | High Yield Bonds | MYHE vs USHY |
Diversification Analysis
Build a portfolio that complements MYHE
Add MYHE to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MYHE