Looking to diversify beyond USHY? The ETFs below have historically moved differently from USHY, 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 USHY
198 ETFs have low correlation with USHY (below 0.3), 87 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.46 | — | — | 61 | Inverse Equities, Leveraged Equities | USHY vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.43 | — | — | 75 | Derivative Income | USHY vs WNTR | |
| ProShares Short Bitcoin ETF | -0.43 | -0.31 | — | 61 | Cryptocurrency | USHY vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.43 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | USHY vs SBIT | |
| ProShares UltraShort Yen | -0.36 | -0.26 | -0.24 | 56 | Leveraged Currency | USHY vs YCS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for USHY, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.23, down from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.23 | 0.02 | 0.13 | 84 | Energy | |
| ConocoPhillips Company | -0.22 | 0.02 | 0.15 | 72 | Energy | |
| Occidental Petroleum Corporation | -0.22 | 0.03 | 0.14 | 70 | Energy | |
| Devon Energy Corporation | -0.21 | 0.07 | 0.19 | 76 | Energy | |
| Chevron Corporation | -0.21 | 0.03 | 0.16 | 80 | Energy |
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