Looking to diversify beyond THD? The ETFs below have the lowest correlation with THD — 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 THD.
Best Diversifiers for THD
354 ETFs have low correlation with THD (below 0.3), 28 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.31, roughly unchanged from -0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.31 | -0.23 | -0.24 | 63 | Leveraged Currency | THD vs YCS | |
| United States Gasoline Fund LP | -0.17 | 0.01 | 0.09 | 55 | Oil & Gas | THD vs UGA | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.16 | -0.02 | 0.01 | 100 | Government Bonds, Ultrashort Bond | THD vs BIL | |
| Global X 1-3 Month T-Bill ETF | -0.15 | -0.04 | — | 100 | Ultrashort Bond | THD vs CLIP | |
| iShares 0-3 Month Treasury Bond ETF | -0.15 | -0.01 | -0.00 | 100 | Ultrashort Bond | THD vs SGOV |
See all 1451 diversifiers for THD
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Diversification Analysis
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