Looking to diversify beyond YNOT? The ETFs below have the lowest correlation with YNOT — 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 YNOT.
Best Diversifiers for YNOT
1 ETFs have low correlation with YNOT (below 0.3), 0 of which are negatively correlated. The least correlated is Horizon Kinetics Medical ETF (MEDX) (Health & Biotech Equities) with a 1Y correlation of 0.16, roughly unchanged from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Horizon Kinetics Medical ETF | 0.16 | 0.16 | 0.16 | 50 | Health & Biotech Equities | YNOT vs MEDX | |
| iShares U.S. Digital Infrastructure and Real Estat... | 0.66 | 0.66 | 0.66 | 89 | Technology Equities | YNOT vs IDGT | |
| First Trust Nasdaq Semiconductor ETF | 0.78 | 0.78 | 0.78 | 97 | Semiconductors, Technology Equities | YNOT vs FTXL |
Diversification Analysis
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