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
1160 ETFs have low correlation with YCL (below 0.3), 43 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 | -0.96 | -0.97 | 61 | Leveraged Currency | YCL vs YCS | |
| Fidelity Managed Futures ETF | -0.20 | — | — | 64 | Systematic Trend | YCL vs FFUT | |
| TCW AAA CLO ETF | -0.18 | — | — | 99 | CLO | YCL vs ACLO | |
| Franklin Liberty Systematic Style Premia ETF | -0.18 | -0.09 | -0.09 | 60 | Long-Short | YCL vs FLSP | |
| First Trust Alternative Absolute Return Strategy E... | -0.18 | -0.07 | -0.05 | 70 | Commodities | YCL vs FAAR |
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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 0.02, roughly unchanged from -0.01 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Oxford Lane Capital Corp. 7.125% Series 2029 Term ... | 0.02 | -0.01 | — | 83 | Financial Services | |
| Frontline Ltd. | 0.05 | -0.01 | -0.00 | 95 | Energy | |
| Oxford Lane Capital Corp. | 0.09 | 0.06 | 0.06 | 95 | Financial Services |
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