Looking to diversify beyond YANG? The ETFs below have historically moved differently from YANG, 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 YANG
1729 ETFs have low correlation with YANG (below 0.3), 1692 of which are negatively correlated. The least correlated is Invesco FTSE RAFI Emerging Markets ETF (PXH) (Emerging Markets Equities) with a 1Y correlation of -0.75, roughly unchanged from -0.80 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco FTSE RAFI Emerging Markets ETF | -0.75 | -0.82 | -0.80 | 75 | Emerging Markets Equities | YANG vs PXH | |
| Schwab Fundamental Emerging Markets Equity ETF | -0.70 | -0.78 | -0.77 | 77 | Emerging Markets Equities | YANG vs FNDE | |
| Vanguard FTSE Emerging Markets ETF | -0.67 | -0.76 | -0.81 | 51 | Emerging Markets Equities | YANG vs VWO | |
| Schwab Emerging Markets Equity ETF | -0.67 | -0.76 | -0.82 | 52 | Emerging Markets Equities | YANG vs SCHE | |
| SPDR Portfolio Emerging Markets ETF | -0.66 | -0.75 | -0.81 | 51 | Emerging Markets Equities | YANG vs SPEM |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for YANG, 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 Lyft, Inc. (LYFT) (Technology) with a 1Y correlation of -0.31, roughly unchanged from -0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lyft, Inc. | -0.31 | -0.27 | -0.30 | 52 | Technology | |
| Applied Materials, Inc. | -0.30 | -0.31 | -0.34 | 95 | Technology | |
| NVIDIA Corporation | -0.30 | -0.25 | -0.30 | 56 | Technology | |
| Hilton Worldwide Holdings Inc. | -0.22 | -0.24 | -0.27 | 72 | Consumer Cyclical | |
| Fortress Transportation and Infrastructure Investo... | -0.16 | -0.15 | -0.19 | 72 | Industrials |
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