Looking to diversify beyond YGLD? The ETFs below have historically moved differently from YGLD, 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 YGLD
550 ETFs have low correlation with YGLD (below 0.3), 45 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.31 | — | — | 61 | Cryptocurrency | YGLD vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.31 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | YGLD vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.28 | — | — | 61 | Inverse Equities, Leveraged Equities | YGLD vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.27 | -0.23 | -0.23 | 75 | Derivative Income | YGLD vs WNTR | |
| ProShares UltraShort Yen | -0.21 | -0.25 | -0.25 | 56 | Leveraged Currency | YGLD vs YCS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for YGLD, 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 Reaves Utility Income Trust (UTG) (Financial Services) with a 1Y correlation of 0.30, roughly unchanged from 0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Reaves Utility Income Trust | 0.30 | 0.24 | 0.24 | 55 | Financial Services |
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