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23 Stocks and 77 ETFs for diversifying FDHY (FIDELITY ENHANCED HIGH YIELD ETF)

The least correlated asset to FDHY (FIDELITY ENHANCED HIGH YIELD ETF) is ETF SJB (PROSHARES SHORT HIGH YIELD). The correlation is -0.967.

Stocks that lowly correlated with FDHY

SymbolName
Market cap
SectorIndustry
Correlation
PXP10, Inc.$18BFinancial ServicesAsset Management-0.85
VNMEUVendome Acquisition Corp I - Units (1 Ord Cls A & 1/2 War)$52MFinancial ServicesShell Companies-0.61
TACHTitan Acquisition Corp - Class A$288MFinancial ServicesShell Companies-0.55
PACHPioneer Acquisition I Corp - Class A$260MFinancial ServicesShell Companies-0.54
KCHVKochav Defense Acquisition Corp - Class A$263MFinancial ServicesShell Companies-0.54
GTERUGloba Terra Acquisition Corp - Units (1 Ord Class A 3/4 War & 1 Rts)$53MFinancial ServicesShell Companies-0.53
INACIndigo Acquisition Corp$118MFinancial ServicesShell Companies-0.53
PROPPrairie Operating Co. Common Stock$60MEnergyOil & Gas E&p-0.52
CRECre8 Enterprise Ltd Class A$6.60MIndustrialsSpecialty Business Services-0.51
CCIIWCohen Circle Acquisition Corp II - Warrants(01/07/2030)$3.81MN/AN/A-0.51
TMDETMD Energy Ltd$21MEnergyOil & Gas Midstream-0.50
ELOGEastern International Ltd$9.59MIndustrialsIntegrated Freight & Logistics-0.49
NYAXNayax Ltd$2.63BTechnologySoftware - Infrastructure-0.49
CTWCTW Cayman - Class A$147MCommunication ServicesElectronic Gaming & Multimedia-0.48
CRAQCal Redwood Acquisition Corp$320MFinancial ServicesShell Companies-0.47
LGPSLogProstyle Inc$26MIndustrialsConglomerates-0.46
CRCLCircle Internet Group Inc - Class A$16BFinancial ServicesCapital Markets-0.45
HRYUGlobal Interactive Technologies Inc$760KCommunication ServicesInternet Content & Information-0.45
EMAEmera Incorporated$16BUtilitiesUtilities - Regulated Electric-0.45
FIGFigma Inc - Class A$12BTechnologySoftware - Application-0.45
OFSSOOFS Capital Corp$341MN/AN/A-0.44
SOCAUSolarius Capital Acquisition Corp Units$179MFinancial ServicesShell Companies-0.44
OYSEOyster Enterprises II Acquisition Corp$268MFinancial ServicesShell Companies-0.44

ETFs that lowly correlated with FDHY

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.97
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.86
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.86
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.86
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.85
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.85
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.85
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.85
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.84
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.84
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.82
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.82
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.81
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.81
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.80
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.80
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.80
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.80
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.80
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.80
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.79
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.79
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.79
SRSProShares UltraShort Real Estate -2x Shares$16MN/AJan 30, 2007-0.78
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.76
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.74
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.73
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.73
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.72
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$2.60MN/AOct 30, 2007-0.72
SMNProShares UltraShort Materials$4.10MN/AJan 30, 2007-0.72
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.71
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.80M1.01%Oct 2, 2024-0.70
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.70
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $8.70MN/ANov 7, 2019-0.69
SPXUProShares UltraPro Short S&P 500$427MN/AJun 23, 2009-0.69
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.69
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $82M0.79%Jun 28, 2024-0.69
CCUPT-REX 2X LONG CRCL DAILY TARGET ETF $25MN/AAug 8, 2025-0.69
CRCGLEVERAGE SHARES 2X LONG CRCL DAILY ETF $67MN/AAug 8, 2025-0.68
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.67
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.67
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.67
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $5.20MN/AJan 3, 2024-0.66
RISRFOLIOBEYOND ALTERNATIVE INCOME AND INTEREST RATE HEDGE ETF $274M1.04%Sep 30, 2021-0.64
METDDIREXION DAILY META BEAR 1X SHARES $7.90M1.02%Jun 5, 2024-0.63
REWProShares UltraShort Technology -2x Shares$2.80MN/AJan 30, 2007-0.63
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $14MN/ADec 17, 2008-0.63
WTIDBank of Montreal$18MN/AFeb 16, 2023-0.62
PFIXSIMPLIFY INTEREST RATE HEDGE ETF $176M0.50%May 10, 2021-0.61
RXDProShares UltraShort Health Care -2x Shares$3.20MN/AJan 30, 2007-0.60
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.59
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.58
TNGYTORTOISE ENERGY ETF $515M0.85%Dec 27, 2010-0.57
BISProShares UltraShort Nasdaq Biotechnology -2x Shares$2.20MN/AApr 6, 2010-0.57
KMLMKRANESHARES MOUNT LUCAS MANAGED FUTURES INDEX STRATEGY ETF $298M0.90%Dec 1, 2020-0.56
TAILCAMBRIA TAIL RISK ETF $147M0.59%Apr 5, 2017-0.56
USDUWISDOMTREE BLOOMBERG U.S. DOLLAR BULLISH FUND $433M0.51%Dec 18, 2013-0.56
QIDPROSHARES ULTRASHORT QQQ $233MN/AJul 11, 2006-0.55
AVSDIREXION DAILY AVGO BEAR 1X SHARES $7.50M1.03%Oct 9, 2024-0.55
SDPProShares UltraShort Utilities -2x Shares$3.90MN/AJan 30, 2007-0.53
DRIPDirexion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF$131MN/AMay 28, 2015-0.53
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $35M0.50%Mar 6, 2024-0.53
DRVDIREXION DAILY REAL ESTATE BEAR 3X SHARES $29MN/AJul 16, 2009-0.53
SLTYYIELDMAX(R) ULTRA SHORT OPTION INCOME STRATEGY ETF $19M1.25%Aug 20, 2025-0.52
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $16M1.11%Aug 14, 2024-0.52
BZQProShares UltraShort MSCI Brazil Capped ETF -2x Shares$3.20MN/AJun 16, 2009-0.52
DUGProShares UltraShort Energy$27MN/AJan 30, 2007-0.50
ERYDIREXION DAILY ENERGY BEAR 2X SHARES $49MN/ANov 6, 2008-0.50
SARKTRADR 1X SHORT INNOVATION DAILY ETF $43M0.92%Nov 5, 2021-0.50
BTALAGF U.S. MARKET NEUTRAL ANTI-BETA FUND $283M1.40%Sep 13, 2011-0.49
AIBDDirexion Daily AI and Big Data Bear 2X ETF$4.70MN/AMay 15, 2024-0.49
RBILF/M ULTRASHORT TREASURY INFLATION-PROTECTED SECURITY (TIPS) ETF $139M0.17%Feb 24, 2025-0.46
MUDDirexion Daily MU Bear 1X Shares$76M1.02%Oct 9, 2024-0.45
DIPSYIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF $8.20M1.05%Jul 23, 2024-0.45
RFIXSimplify Downside Interest Rate Hedge Strategy ETF$56M0.50%Dec 9, 2024-0.44
UUPInvesco DB US Dollar Index Bullish Fund$436M0.75%Feb 20, 2007-0.44