Looking to diversify beyond YYY? The ETFs below have historically moved differently from YYY, 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 YYY
283 ETFs have low correlation with YYY (below 0.3), 78 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.41, down from -0.29 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.41 | -0.29 | — | 61 | Cryptocurrency | YYY vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.41 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | YYY vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.40 | — | — | 61 | Inverse Equities, Leveraged Equities | YYY vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.37 | — | — | 75 | Derivative Income | YYY vs WNTR | |
| Alpha Architect Tail Risk ETF | -0.28 | -0.10 | — | 56 | Options Trading | YYY vs CAOS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for YYY, 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 Easterly Government Properties, Inc. (DEA) (Real Estate) with a 1Y correlation of 0.20, down from 0.34 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Easterly Government Properties, Inc. | 0.20 | 0.36 | 0.34 | 73 | Real Estate | |
| Star Bulk Carriers Corp. | 0.21 | 0.22 | 0.24 | 90 | Industrials | |
| NVIDIA Corporation | 0.40 | 0.36 | 0.42 | 56 | Technology | |
| AGNC Investment Corp. | 0.46 | 0.54 | 0.57 | 79 | Real Estate | |
| BlackRock Capital Allocation Term Trust | 0.67 | 0.60 | 0.63 | 95 | Financial Services |
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