Looking to diversify beyond YBMN? The ETFs below have the lowest correlation with YBMN — 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 YBMN.
Best Diversifiers for YBMN
0 ETFs have low correlation with YBMN (below 0.3), 0 of which are negatively correlated. The least correlated is YieldMax GOOGL Option Income Strategy ETF (GOOY) (Derivative Income) with a 1Y correlation of 0.33, roughly unchanged from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax GOOGL Option Income Strategy ETF | 0.33 | 0.33 | 0.33 | 92 | Derivative Income | YBMN vs GOOY | |
| FT Vest High Yield & Target Income ETF | 0.38 | 0.38 | 0.38 | 65 | Derivative Income | YBMN vs HYTI | |
| Global X S&P 500 Risk Managed Income ETF | 0.46 | 0.46 | — | 64 | Derivative Income, S&P 500 | YBMN vs XRMI | |
| Day Hagan Smart Buffer ETF | 0.51 | — | — | 63 | Derivative Income | YBMN vs DHSB | |
| Invesco S&P 500 BuyWrite ETF | 0.53 | 0.53 | 0.53 | 90 | Derivative Income, S&P 500 | YBMN vs PBP |
See all 7 diversifiers for YBMN
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