Looking to diversify beyond THY? The ETFs below have the lowest correlation with THY — 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 THY.
Best Diversifiers for THY
164 ETFs have low correlation with THY (below 0.3), 25 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.33, roughly unchanged from -0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.33 | -0.24 | -0.24 | 57 | Cryptocurrency | THY vs BITI | |
| Invesco DB Energy Fund | -0.19 | -0.08 | 0.04 | 53 | Oil & Gas | THY vs DBE | |
| iShares Enhanced Short-Term Bond Active ETF | -0.12 | — | — | 99 | Ultrashort Bond | THY vs CSHP | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.10 | -0.01 | 0.09 | 51 | Commodities | THY vs GSG | |
| DoubleLine Commodity Strategy ETF | -0.10 | -0.04 | -0.04 | 51 | Commodities | THY vs DCMT |
See all 1155 diversifiers for THY
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Diversification Analysis
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