Looking to diversify beyond PHYD? The ETFs below have the lowest correlation with PHYD — 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 PHYD.
Best Diversifiers for PHYD
126 ETFs have low correlation with PHYD (below 0.3), 20 of which are negatively correlated. The least correlated is First Trust Alternative Absolute Return Strategy ETF (FAAR) (Commodities) with a 1Y correlation of -0.17, down from -0.03 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust Alternative Absolute Return Strategy E... | -0.17 | -0.03 | — | 70 | Commodities | PHYD vs FAAR | |
| iShares Enhanced Short-Term Bond Active ETF | -0.16 | — | — | 99 | Ultrashort Bond | PHYD vs CSHP | |
| SPDR Bloomberg Enhanced Roll Yield Commodity Strat... | -0.11 | -0.01 | -0.01 | 50 | Commodities | PHYD vs CERY | |
| First Trust Global Tactical Commodity Strategy Fun... | -0.11 | 0.06 | 0.10 | 53 | Commodities | PHYD vs FTGC | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.09 | 0.14 | 0.14 | 98 | Inflation-Protected Bonds | PHYD vs IBIC |
See all 1155 diversifiers for PHYD
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