Looking to diversify beyond TYD? The ETFs below have historically moved differently from TYD, 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 TYD
1098 ETFs have low correlation with TYD (below 0.3), 112 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.46, roughly unchanged from -0.51 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.46 | -0.49 | -0.51 | 56 | Leveraged Currency | TYD vs YCS | |
| Invesco DB Energy Fund | -0.44 | -0.26 | -0.18 | 72 | Oil & Gas | TYD vs DBE | |
| Invesco DB Oil Fund | -0.42 | -0.24 | -0.18 | 58 | Oil & Gas | TYD vs DBO | |
| United States Oil Fund LP | -0.42 | -0.25 | -0.18 | 55 | Oil & Gas | TYD vs USO | |
| United States Gasoline Fund LP | -0.41 | -0.24 | -0.16 | 87 | Oil & Gas | TYD vs UGA |
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