Looking to diversify beyond PHYL? The ETFs below have the lowest correlation with PHYL — 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 PHYL.
Best Diversifiers for PHYL
153 ETFs have low correlation with PHYL (below 0.3), 54 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.40 | — | — | 60 | Inverse Equities, Leveraged Equities | PHYL vs MSTZ | |
| ProShares UltraShort Yen | -0.38 | -0.28 | -0.27 | 75 | Leveraged Currency | PHYL vs YCS | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.38 | — | — | 65 | Derivative Income | PHYL vs WNTR | |
| United States Gasoline Fund LP | -0.31 | -0.09 | 0.06 | 72 | Oil & Gas | PHYL vs UGA | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.23 | -0.02 | 0.13 | 51 | Commodities | PHYL vs PDBC |
See all 1549 diversifiers for PHYL
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements PHYL
Add PHYL to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PHYL