Looking to diversify beyond PHYL? The ETFs below have historically moved differently from PHYL, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for PHYL
208 ETFs have low correlation with PHYL (below 0.3), 93 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.41 | — | — | 61 | Inverse Equities, Leveraged Equities | PHYL vs MSTZ | |
| Proshares Ultrashort Bitcoin ETF | -0.40 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | PHYL vs SBIT | |
| ProShares Short Bitcoin ETF | -0.39 | -0.29 | — | 61 | Cryptocurrency | PHYL vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.39 | — | — | 75 | Derivative Income | PHYL vs WNTR | |
| ProShares UltraShort Yen | -0.35 | -0.28 | -0.28 | 56 | Leveraged Currency | PHYL vs YCS |
See all 1725 diversifiers for PHYL
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