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16 Stocks and 84 ETFs for diversifying DHF (BNY Mellon High Yield Strategies Fund)

The least correlated asset to DHF (BNY Mellon High Yield Strategies Fund) is ETF SJB (PROSHARES SHORT HIGH YIELD). The correlation is -0.8774.

Stocks that lowly correlated with DHF

SymbolName
Market cap
SectorIndustry
Correlation
WTGUUWintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts)$20MFinancial ServicesShell Companies-0.66
TMDETMD Energy Ltd$18MEnergyOil & Gas Midstream-0.65
CRCLCircle Internet Group Inc - Class A$25BFinancial ServicesCapital Markets-0.54
RIBBURibbon Acquisition Corp - Units (1 Ord Cls A & 1 Rts)$56MFinancial ServicesShell Companies-0.52
EQVEQV Ventures Acquisition Corp.$466MFinancial ServicesShell Companies-0.50
PROPPrairie Operating Co. Common Stock$81MEnergyOil & Gas E&p-0.49
MOBXMobix Labs Inc - Class A$20MTechnologySemiconductors-0.45
STAKStak Inc$17MEnergyOil & Gas Equipment & Services-0.45
NYAXNayax Ltd$3.09BTechnologySoftware - Infrastructure-0.44
CDTGCDT Environmental Technology Investment Holdings Ltd$3.77MIndustrialsWaste Management-0.44
SAFXXCF Global Inc$126MUtilitiesUtilities - Renewable-0.42
HRYUGlobal Interactive Technologies Inc$760KCommunication ServicesInternet Content & Information-0.42
NAMIJinxin Technology Holding Company$34MCommunication ServicesInternet Content & Information-0.41
LGPSLogProstyle Inc$16MIndustrialsConglomerates-0.41
SLDESlide Insurance Holdings Inc$2.20BFinancial ServicesInsurance - Property & Casualty-0.38
EMAEmera Incorporated$16BUtilitiesUtilities - Regulated Electric-0.38

ETFs that lowly correlated with DHF

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
SJBPROSHARES SHORT HIGH YIELD $103M0.95%Mar 21, 2011-0.88
SIJProShares UltraShort Industrials -2x Shares$6.20MN/AJan 30, 2007-0.82
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $220M0.48%Jun 8, 2016-0.81
SHProShares Short S&P500 -1x Shares$1.20B0.89%Jun 19, 2006-0.81
EFZProShares Short MSCI EAFE -1X Shares$16M0.95%Oct 23, 2007-0.81
EFUProShares UltraShort MSCI EAFE -2x Shares$932KN/AOct 23, 2007-0.81
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.80
EPVProShares UltraShort FTSE Europe -2X Shares$14MN/AJun 16, 2009-0.80
SEFProShares Short Financials -1x Shares$18M0.95%Jun 10, 2008-0.80
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $9M6.22%Jul 10, 2018-0.80
SDSProShares UltraShort S&P500 -2x Shares$443MN/AJul 11, 2006-0.79
MYYPROSHARES SHORT MIDCAP400 $2.70M0.95%Jun 19, 2006-0.79
DXDPROSHARES ULTRASHORT DOW30 $51MN/AJul 11, 2006-0.79
SKFProShares UltraShort Financials -2x Shares$16MN/AMay 23, 2007-0.79
REKPROSHARES SHORT REAL ESTATE $12M0.95%Mar 16, 2010-0.79
MZZPROSHARES ULTRASHORT MIDCAP400 $734KN/AJul 11, 2006-0.79
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$19MN/ANov 7, 2019-0.78
SBBProShares Short SmallCap600 -1x Shares$4.10M0.95%Jan 23, 2007-0.77
RWMPROSHARES SHORT RUSSELL2000 $143M0.95%Jan 23, 2007-0.77
SRSProShares UltraShort Real Estate -2x Shares$17MN/AJan 30, 2007-0.77
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.60MN/AJan 23, 2007-0.77
TWMProShares UltraShort Russell2000 -2x Shares$47MN/AJan 23, 2007-0.77
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.75
SDOWProShares UltraPro Short Dow30 -3x Shares$180MN/AFeb 9, 2010-0.75
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$37M0.89%Jan 17, 2018-0.73
EMTYProShares Decline of the Retail Store ETF -1x Shares$2.90M0.65%Nov 14, 2017-0.72
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.70M1.01%Oct 2, 2024-0.71
BNKDBank of Montreal$1.40MN/AFeb 20, 2025-0.71
VIXMProShares VIX Mid-Term Futures ETF$56M0.92%Jan 3, 2011-0.71
SCCProShares UltraShort Consumer Discretionary$6.20MN/AJan 30, 2007-0.71
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.69
EWVProShares UltraShort MSCI Japan -2x Shares$7.20MN/ANov 6, 2007-0.69
EUMProShares Short MSCI Emerging Markets -1x Shares$8.80M0.95%Oct 30, 2007-0.68
PSQProShares Short QQQ -1x Shares$519M0.95%Jun 19, 2006-0.68
SMNProShares UltraShort Materials$3.10MN/AJan 30, 2007-0.68
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.67
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$6.10MN/AOct 30, 2007-0.67
UVIX2x Long VIX Futures ETF$499MN/AMar 28, 2022-0.66
METDDIREXION DAILY META BEAR 1X SHARES $8.60M1.02%Jun 5, 2024-0.66
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $10MN/ANov 7, 2019-0.64
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.63
TAILCAMBRIA TAIL RISK ETF $157M0.59%Apr 5, 2017-0.63
SPXUProShares UltraPro Short S&P 500$562MN/AJun 23, 2009-0.63
SRTYProShares UltraPro Short Russell2000 -3x Shares$81MN/AFeb 9, 2010-0.62
REWProShares UltraShort Technology -2x Shares$3.70MN/AJan 30, 2007-0.61
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $9.60MN/AJan 3, 2024-0.61
DIPSYIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF $9.80M1.05%Jul 23, 2024-0.60
TNGYTORTOISE ENERGY ETF $600M0.85%Dec 27, 2010-0.58
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $37MN/ADec 17, 2008-0.58
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $14M1.11%Aug 14, 2024-0.58
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $62M0.79%Jun 28, 2024-0.57
NVDSTradr 1.5X Short NVDA Daily ETF$23MN/AJul 13, 2022-0.56
NVDQT-Rex 2X Inverse NVIDIA Daily Target ETF$36MN/AOct 18, 2023-0.55
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $23M0.50%Mar 6, 2024-0.54
WTIDBank of Montreal$6.60MN/AFeb 16, 2023-0.54
DRVDIREXION DAILY REAL ESTATE BEAR 3X SHARES $33MN/AJul 16, 2009-0.54
DRIPDIREXION DAILY S&P OIL & GAS EXP. & PROD. BEAR 2X SHARES $117MN/AMay 28, 2015-0.53
AVSDIREXION DAILY AVGO BEAR 1X SHARES $6.90M1.03%Oct 9, 2024-0.53
RXDProShares UltraShort Health Care -2x Shares$4.90MN/AJan 30, 2007-0.53
NVDDDIREXION DAILY NVDA BEAR 1X SHARES $23M1.01%Sep 12, 2023-0.52
NVDGRANITESHARES 2X SHORT NVDA DAILY ETF $75MN/AAug 21, 2023-0.52
SARKTRADR 1X SHORT INNOVATION DAILY ETF $68M0.92%Nov 5, 2021-0.52
DUGProShares UltraShort Energy$18MN/AJan 30, 2007-0.51
QIDPROSHARES ULTRASHORT QQQ $279MN/AJul 11, 2006-0.50
NFLWROUNDHILL NFLX WEEKLYPAY ETF $16MN/AJun 17, 2025-0.49
PFIXSIMPLIFY INTEREST RATE HEDGE ETF $210M0.50%May 10, 2021-0.49
ERYDIREXION DAILY ENERGY BEAR 2X SHARES $40MN/ANov 6, 2008-0.49
RISRFOLIOBEYOND ALTERNATIVE INCOME AND INTEREST RATE HEDGE ETF $228M1.04%Sep 30, 2021-0.48
AIBDDIREXION DAILY AI AND BIG DATA BEAR 2X SHARES $4.20MN/AMay 15, 2024-0.48
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.48
SCOProShares UltraShort Bloomberg Crude Oil -2x Shares$1.10BN/ANov 24, 2008-0.48
RFIXSimplify Downside Interest Rate Hedge Strategy ETF$56M0.50%Dec 9, 2024-0.47
BZQProShares UltraShort MSCI Brazil Capped ETF -2x Shares$3MN/AJun 16, 2009-0.47
BISProShares UltraShort Nasdaq Biotechnology -2x Shares$2.50MN/AApr 6, 2010-0.46
KMLMKRANESHARES MOUNT LUCAS MANAGED FUTURES INDEX STRATEGY ETF $307M0.90%Dec 1, 2020-0.45
SDPProShares UltraShort Utilities -2x Shares$4.60MN/AJan 30, 2007-0.45
OILDBank of Montreal$19MN/ANov 8, 2021-0.45
USDUWISDOMTREE BLOOMBERG U.S. DOLLAR BULLISH FUND $396M0.51%Dec 18, 2013-0.44
MUDDirexion Daily MU Bear 1X Shares$27M1.02%Oct 9, 2024-0.43
FNGDBank of Montreal$68MN/AJan 22, 2018-0.42
SMCZDEFIANCE DAILY TARGET 2X SHORT SMCI ETF $4.80MN/AMar 31, 2025-0.41
AAPDDIREXION DAILY AAPL BEAR 1X SHARES $16M0.96%Aug 8, 2022-0.40
AMDDT-REX 2X INVERSE AMD DAILY TARGET ETF $21M1.03%Feb 11, 2025-0.39
WZRDOpportunistic Trader ETF$3.90M1.00%Jun 24, 2025-0.38