Looking to diversify beyond YCL? The ETFs below have the lowest correlation with YCL — 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 YCL.
Best Diversifiers for YCL
1210 ETFs have low correlation with YCL (below 0.3), 89 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.95, roughly unchanged from -0.97 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.95 | -0.95 | -0.97 | 72 | Leveraged Currency | YCL vs YCS | |
| Invesco DB US Dollar Index Bullish Fund | -0.71 | -0.65 | -0.60 | 51 | Currency | YCL vs UUP | |
| Direxion Daily MU Bull 2X Shares | -0.59 | -0.59 | -0.59 | 99 | Leveraged Equities, Semiconductors | YCL vs MUU | |
| United States Gasoline Fund LP | -0.29 | -0.13 | -0.07 | 78 | Oil & Gas | YCL vs UGA | |
| Invesco DB Energy Fund | -0.28 | -0.13 | -0.08 | 53 | Oil & Gas | YCL vs DBE |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from YCL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to YCL and solid risk/return profiles. The least correlated is Oxford Lane Capital Corp. 7.125% Series 2029 Term Preferred Stock (OXLCN) (Financial Services) with a 1Y correlation of 0.01, roughly unchanged from -0.02 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Oxford Lane Capital Corp. 7.125% Series 2029 Term ... | 0.01 | -0.02 | — | 88 | Financial Services | |
| Oxford Lane Capital Corp. | 0.09 | 0.06 | 0.07 | 96 | Financial Services | |
| Frontline Ltd. | 0.10 | -0.01 | 0.00 | 94 | Energy | |
| Agree Realty Corporation | 0.30 | 0.25 | 0.16 | 70 | Real Estate |
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