Looking to diversify beyond THY? The ETFs below have historically moved differently from THY, 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 THY
179 ETFs have low correlation with THY (below 0.3), 40 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.35, down from -0.23 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.35 | -0.23 | — | 61 | Cryptocurrency | THY vs BITI | |
| United States Brent Oil Fund LP | -0.22 | -0.09 | 0.04 | 52 | Oil & Gas | THY vs BNO | |
| Invesco DB Oil Fund | -0.21 | -0.09 | 0.04 | 58 | Oil & Gas | THY vs DBO | |
| Invesco DB Energy Fund | -0.20 | -0.10 | 0.03 | 72 | Oil & Gas | THY vs DBE | |
| Alpha Architect Tail Risk ETF | -0.15 | -0.04 | — | 56 | Options Trading | THY vs CAOS |
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