Looking to diversify beyond YBTY? The ETFs below have the lowest correlation with YBTY — 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 YBTY.
Best Diversifiers for YBTY
0 ETFs have low correlation with YBTY (below 0.3), 0 of which are negatively correlated. The least correlated is YieldMax TSM Option Income Strategy ETF (TSMY) (Derivative Income) with a 1Y correlation of 0.43, roughly unchanged from 0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax TSM Option Income Strategy ETF | 0.43 | 0.43 | 0.43 | 88 | Derivative Income | YBTY vs TSMY | |
| Global X NASDAQ 100 Covered Call ETF | 0.60 | 0.60 | 0.60 | 88 | Nasdaq-100, Derivative Income | YBTY vs QYLD | |
| Parametric Equity Plus ETF | 0.66 | — | — | 73 | Derivative Income | YBTY vs PEPS |
Diversification Analysis
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