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
131 ETFs have low correlation with PHYL (below 0.3), 32 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.40, down from -0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.40 | -0.28 | -0.27 | 61 | Leveraged Currency | PHYL vs YCS | |
| iShares Enhanced Short-Term Bond Active ETF | -0.20 | -0.11 | -0.11 | 99 | Ultrashort Bond | PHYL vs CSHP | |
| First Trust Alternative Absolute Return Strategy E... | -0.20 | -0.04 | 0.01 | 70 | Commodities | PHYL vs FAAR | |
| VanEck Commodity Strategy ETF | -0.18 | 0.01 | 0.05 | 55 | Commodities | PHYL vs PIT | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.14 | 0.19 | 0.19 | 98 | Inflation-Protected Bonds | PHYL vs IBIC |
See all 1566 diversifiers for PHYL
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Diversification Analysis
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