Looking to diversify beyond ODHY? The ETFs below have the lowest correlation with ODHY — 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 ODHY.
Best Diversifiers for ODHY
0 ETFs have low correlation with ODHY (below 0.3), 0 of which are negatively correlated. The least correlated is BondBloxx US High Yield Energy Sector ETF (XHYE) (High Yield Bonds) with a 1Y correlation of 0.51, roughly unchanged from 0.51 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BondBloxx US High Yield Energy Sector ETF | 0.51 | 0.51 | — | 94 | High Yield Bonds | ODHY vs XHYE | |
| Principal Active High Yield ETF | 0.71 | 0.71 | 0.71 | 59 | High Yield Bonds | ODHY vs YLD | |
| iShares iBonds 2028 Term High Yield and Income ETF | 0.78 | 0.78 | 0.78 | 82 | High Yield Bonds | ODHY vs IBHH | |
| iShares iBonds 1-5 Year High Yield and Income Ladd... | 0.79 | 0.79 | 0.79 | 85 | High Yield Bonds | ODHY vs LDRH | |
| Putnam ESG High Yield ETF - | 0.80 | 0.80 | — | 78 | High Yield Bonds | ODHY vs PHYD |
See all 8 diversifiers for ODHY
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