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22 Stocks and 78 ETFs for diversifying GHY (PGIM Global High Yield Fund)

The least correlated asset to GHY (PGIM Global High Yield Fund) is ETF SJB (PROSHARES SHORT HIGH YIELD). The correlation is -0.8451.

Stocks that lowly correlated with GHY

SymbolName
Market cap
SectorIndustry
Correlation
SSEAUStarry Sea Acquisition Corp - Units (1 Ord Shs & 1/6 Rts)$19MFinancial ServicesShell Companies-0.61
CTWCTW Cayman - Class A$147MCommunication ServicesElectronic Gaming & Multimedia-0.60
CRCLCircle Internet Group Inc - Class A$16BFinancial ServicesCapital Markets-0.54
ELOGEastern International Ltd$9.59MIndustrialsIntegrated Freight & Logistics-0.54
TMDETMD Energy Ltd$21MEnergyOil & Gas Midstream-0.54
INACRIndigo Acquisition Corp Right$448KN/AN/A-0.52
SOCAUSolarius Capital Acquisition Corp Units$179MFinancial ServicesShell Companies-0.50
ORIQUOrigin Investment Corp I - Units (1 Ord Cls & 1/2 War)$22MFinancial ServicesShell Companies-0.49
OFSSOOFS Capital Corp$341MN/AN/A-0.47
BLSHBullish$3.80BTechnologySoftware - Infrastructure-0.47
GTERRGloba Terra Acquisition Corporation Rights$407KN/AN/A-0.47
CDTGCDT Environmental Technology Investment Holdings Ltd$3.77MIndustrialsWaste Management-0.47
PROPPrairie Operating Co. Common Stock$60MEnergyOil & Gas E&p-0.46
LGPSLogProstyle Inc$26MIndustrialsConglomerates-0.46
VNMEUVendome Acquisition Corp I - Units (1 Ord Cls A & 1/2 War)$52MFinancial ServicesShell Companies-0.44
GTERUGloba Terra Acquisition Corp - Units (1 Ord Class A 3/4 War & 1 Rts)$53MFinancial ServicesShell Companies-0.43
QUMSUQuantumsphere Acquisition Corp - Units (1 Ord Shs & 1 Rts)$33MFinancial ServicesShell Companies-0.43
HONDHCM II Acquisition Corp. Class A Ordinary Shares$519MFinancial ServicesShell Companies-0.42
AIIAmerican Integrity Insurance Group Inc$358MFinancial ServicesInsurance - Property & Casualty-0.40
EQVEQV Ventures Acquisition Corp.$466MFinancial ServicesShell Companies-0.40
ATPCAgape ATP Corp$2.52MConsumer DefensivePackaged Foods-0.39
PACHPioneer Acquisition I Corp - Class A$260MFinancial ServicesShell Companies-0.39

ETFs that lowly correlated with GHY

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.85
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.83
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.82
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.81
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.80
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.79
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.78
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.78
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.77
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.77
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.77
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.77
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.76
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.76
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.76
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.75
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.75
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.75
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.75
SRSProShares UltraShort Real Estate -2x Shares$16MN/AJan 30, 2007-0.75
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.74
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.74
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.74
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.73
CRCGLEVERAGE SHARES 2X LONG CRCL DAILY ETF $67MN/AAug 8, 2025-0.72
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.71
CCUPT-REX 2X LONG CRCL DAILY TARGET ETF $25MN/AAug 8, 2025-0.71
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.70
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.70
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.70
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.70
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.69
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$2.60MN/AOct 30, 2007-0.69
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.68
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.67
SMNProShares UltraShort Materials$4.10MN/AJan 30, 2007-0.67
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.67
METDDIREXION DAILY META BEAR 1X SHARES $7.90M1.02%Jun 5, 2024-0.64
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.64
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.63
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.62
RBILF/M ULTRASHORT TREASURY INFLATION-PROTECTED SECURITY (TIPS) ETF $139M0.17%Feb 24, 2025-0.61
TAILCAMBRIA TAIL RISK ETF $147M0.59%Apr 5, 2017-0.61
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $8.70MN/ANov 7, 2019-0.60
NFLWROUNDHILL NFLX WEEKLYPAY ETF $6.70MN/AJun 17, 2025-0.58
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $14MN/ADec 17, 2008-0.57
SPXUProShares UltraPro Short S&P 500$427MN/AJun 23, 2009-0.56
REWProShares UltraShort Technology -2x Shares$2.80MN/AJan 30, 2007-0.52
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $5.20MN/AJan 3, 2024-0.51
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $82M0.79%Jun 28, 2024-0.51
BTALAGF U.S. MARKET NEUTRAL ANTI-BETA FUND $283M1.40%Sep 13, 2011-0.50
QIDPROSHARES ULTRASHORT QQQ $233MN/AJul 11, 2006-0.50
PFIXSIMPLIFY INTEREST RATE HEDGE ETF $176M0.50%May 10, 2021-0.49
DUGProShares UltraShort Energy$27MN/AJan 30, 2007-0.49
BZQProShares UltraShort MSCI Brazil Capped ETF -2x Shares$3.20MN/AJun 16, 2009-0.49
SARKTRADR 1X SHORT INNOVATION DAILY ETF $43M0.92%Nov 5, 2021-0.48
DRVDIREXION DAILY REAL ESTATE BEAR 3X SHARES $29MN/AJul 16, 2009-0.48
DRIPDirexion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF$131MN/AMay 28, 2015-0.48
USDUWISDOMTREE BLOOMBERG U.S. DOLLAR BULLISH FUND $433M0.51%Dec 18, 2013-0.48
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.80M1.01%Oct 2, 2024-0.48
WTIPWISDOMTREE INFLATION PLUS FUND $21M0.65%Jun 16, 2025-0.48
GGOViShares Global Government Bond USD Hedged Active$2.90B0.39%Jun 25, 2025-0.48
WTIDBank of Montreal$18MN/AFeb 16, 2023-0.47
NOWLGRANITESHARES 2X LONG NOW DAILY ETF $286MN/AJul 14, 2025-0.46
BESFBASTION ENERGY ETF $33M0.80%Jun 3, 2025-0.46
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.46
RXDProShares UltraShort Health Care -2x Shares$3.20MN/AJan 30, 2007-0.46
RISRFOLIOBEYOND ALTERNATIVE INCOME AND INTEREST RATE HEDGE ETF $274M1.04%Sep 30, 2021-0.44
NVDSTradr 1.5X Short NVDA Daily ETF$18MN/AJul 13, 2022-0.44
BISProShares UltraShort Nasdaq Biotechnology -2x Shares$2.20MN/AApr 6, 2010-0.43
KMLMKRANESHARES MOUNT LUCAS MANAGED FUTURES INDEX STRATEGY ETF $298M0.90%Dec 1, 2020-0.43
ERYDIREXION DAILY ENERGY BEAR 2X SHARES $49MN/ANov 6, 2008-0.42
SCOProShares UltraShort Bloomberg Crude Oil -2x Shares$895MN/ANov 24, 2008-0.42
SHPUDIREXION DAILY SHOP BULL 2X ETF $15MN/AAug 5, 2025-0.41
SLTYYIELDMAX(R) ULTRA SHORT OPTION INCOME STRATEGY ETF $19M1.25%Aug 20, 2025-0.40
YXIProShares Short FTSE China 50 -1x Shares$5M0.95%Mar 16, 2010-0.40
SDPProShares UltraShort Utilities -2x Shares$3.90MN/AJan 30, 2007-0.40
CPIIAMERICAN BEACON IONIC INFLATION PROTECTION ETF $11M0.70%Jun 28, 2022-0.39