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
144 ETFs have low correlation with THY (below 0.3), 11 of which are negatively correlated. The least correlated is iShares Enhanced Short-Term Bond Active ETF (CSHP) (Ultrashort Bond) with a 1Y correlation of -0.17, down from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Enhanced Short-Term Bond Active ETF | -0.17 | -0.06 | -0.06 | 99 | Ultrashort Bond | THY vs CSHP | |
| Breakwave Dry Bulk Shipping ETF | -0.08 | -0.04 | 0.01 | 73 | Commodities | THY vs BDRY | |
| Cambria Tactical Yield ETF | -0.07 | 0.02 | 0.02 | 99 | THY vs TYLD | ||
| TCW AAA CLO ETF | -0.07 | -0.02 | -0.02 | 99 | CLO | THY vs ACLO | |
| iShares 0-3 Month Treasury Bond ETF | -0.06 | 0.02 | 0.03 | 100 | Ultrashort Bond | THY vs SGOV |
See all 1162 diversifiers for THY
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Diversification Analysis
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