Looking to diversify beyond TYD? The ETFs below have the lowest correlation with TYD — 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 TYD.
Best Diversifiers for TYD
1055 ETFs have low correlation with TYD (below 0.3), 56 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.50, roughly unchanged from -0.52 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.50 | -0.48 | -0.52 | 63 | Leveraged Currency | TYD vs YCS | |
| United States Gasoline Fund LP | -0.41 | -0.21 | -0.16 | 55 | Oil & Gas | TYD vs UGA | |
| Fidelity Managed Futures ETF | -0.36 | — | — | 64 | Systematic Trend | TYD vs FFUT | |
| PIMCO Commodity Strategy Active Exchange-Traded Fu... | -0.27 | -0.12 | — | 50 | Commodities | TYD vs CMDT | |
| First Trust Alternative Absolute Return Strategy E... | -0.27 | -0.13 | -0.11 | 75 | Commodities | TYD vs FAAR |
See all 1457 diversifiers for TYD
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