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High CorrelationLow Correlation

21 Stocks and 79 ETFs for diversifying HYGW (ISHARES HIGH YIELD CORPORATE BOND BUYWRITE STRATEGY ETF)

The least correlated asset to HYGW (ISHARES HIGH YIELD CORPORATE BOND BUYWRITE STRATEGY ETF) is ETF XCOM (Ultra Communication Services Select Sector ETF). The correlation is -1.

Stocks that lowly correlated with HYGW

SymbolName
Market cap
SectorIndustry
Correlation
NOACUNatural Order Acquisition Corp - Units (1 Ord & 1 War)$289MN/AN/A-0.97
FLACFrazier Lifesciences Acquisition Corp - Class A$175MN/AN/A-0.78
CRCLCircle Internet Group Inc - Class A$16BFinancial ServicesCapital Markets-0.66
VCKAUScilex Holding Company - Units (1 Ord & 1/2 War)$37MN/AN/A-0.65
JCICUJack Creek Investment Corp - Units (1 Ord Share Class A & 1/2 War)$432MN/AN/A-0.62
TMDETMD Energy Ltd$21MEnergyOil & Gas Midstream-0.62
CTWCTW Cayman - Class A$147MCommunication ServicesElectronic Gaming & Multimedia-0.61
WTGUUWintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts)$18MFinancial ServicesShell Companies-0.56
FRBNUForbion European Acquisition Corp - Units (1 Ord Share Class A & 1/3 War)$316MN/AN/A-0.48
APRNBlue Apron Holdings Inc - Class A$100MN/AN/A-0.48
SAFXXCF Global Inc$145MUtilitiesUtilities - Renewable-0.47
EQVEQV Ventures Acquisition Corp.$466MFinancial ServicesShell Companies-0.46
MOBXMobix Labs Inc - Class A$20MTechnologySemiconductors-0.46
BLSHBullish$3.80BTechnologySoftware - Infrastructure-0.46
GETGetnetAdquirencia e Servicos para Meios de Pagamento S.A. - Instituica$88MN/AN/A-0.46
CURXCuranex Pharmaceuticals Inc$6.11MHealthcareBiotechnology-0.45
NYAXNayax Ltd$2.63BTechnologySoftware - Infrastructure-0.45
CDTGCDT Environmental Technology Investment Holdings Ltd$3.77MIndustrialsWaste Management-0.44
EMAEmera Incorporated$16BUtilitiesUtilities - Regulated Electric-0.43
BMGLBasel Medical Group Ltd$9.61MHealthcareMedical Care Facilities-0.43
EPWKEPWK Holdings Ltd - Class A$9.78KTechnologySoftware - Application-0.42

ETFs that lowly correlated with HYGW

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
XCOMUltra Communication Services Select Sector ETF$384KN/AJun 2, 2026-1.00
CCUPT-REX 2X LONG CRCL DAILY TARGET ETF $25MN/AAug 8, 2025-0.82
CRCGLEVERAGE SHARES 2X LONG CRCL DAILY ETF $67MN/AAug 8, 2025-0.82
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.81
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.78
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.78
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.74
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.74
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.74
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.74
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.74
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.80M1.01%Oct 2, 2024-0.73
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.73
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.71
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.71
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.71
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.71
SRSProShares UltraShort Real Estate -2x Shares$16MN/AJan 30, 2007-0.70
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.70
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.69
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.69
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.69
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$2.60MN/AOct 30, 2007-0.69
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.69
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.69
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.68
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.68
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.68
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.67
NFLWROUNDHILL NFLX WEEKLYPAY ETF $6.70MN/AJun 17, 2025-0.67
SLTYYIELDMAX(R) ULTRA SHORT OPTION INCOME STRATEGY ETF $19M1.25%Aug 20, 2025-0.66
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $82M0.79%Jun 28, 2024-0.66
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.66
SMNProShares UltraShort Materials$4.10MN/AJan 30, 2007-0.65
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.65
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.64
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.63
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.62
TNGYTORTOISE ENERGY ETF $515M0.85%Dec 27, 2010-0.62
TMVDIREXION DAILY 20+ YEAR TREASURY BEAR 3X SHARES $163MN/AApr 16, 2009-0.62
PFIXSIMPLIFY INTEREST RATE HEDGE ETF $176M0.50%May 10, 2021-0.62
TTTProShares UltraPro Short 20+ Year Treasury -3x Shares$17MN/AMar 27, 2012-0.62
TBTPROSHARES ULTRASHORT 20+ YEAR TREASURY $280MN/AApr 29, 2008-0.61
TBFPROSHARES SHORT 20+ YEAR TREASURY $87M0.95%Aug 18, 2009-0.61
MUDDirexion Daily MU Bear 1X Shares$76M1.02%Oct 9, 2024-0.60
TYODIREXION DAILY 7-10 YEAR TREASURY BEAR 3X SHARES $12MN/AApr 16, 2009-0.60
PSTPROSHARES ULTRASHORT 7-10 YEAR TREASURY $11MN/AApr 29, 2008-0.59
TBXPROSHARES SHORT 7-10 YEAR TREASURY $20M0.95%Apr 4, 2011-0.58
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $5.20MN/AJan 3, 2024-0.58
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.57
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.57
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.57
BISProShares UltraShort Nasdaq Biotechnology -2x Shares$2.20MN/AApr 6, 2010-0.56
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.55
USDUWISDOMTREE BLOOMBERG U.S. DOLLAR BULLISH FUND $433M0.51%Dec 18, 2013-0.55
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.55
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $14MN/ADec 17, 2008-0.54
CPIIAMERICAN BEACON IONIC INFLATION PROTECTION ETF $11M0.70%Jun 28, 2022-0.54
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $16M1.11%Aug 14, 2024-0.53
RXDProShares UltraShort Health Care -2x Shares$3.20MN/AJan 30, 2007-0.53
NVDSTradr 1.5X Short NVDA Daily ETF$18MN/AJul 13, 2022-0.52
METDDIREXION DAILY META BEAR 1X SHARES $7.90M1.02%Jun 5, 2024-0.52
RBILF/M ULTRASHORT TREASURY INFLATION-PROTECTED SECURITY (TIPS) ETF $139M0.17%Feb 24, 2025-0.52
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $8.70MN/ANov 7, 2019-0.50
AIBDDirexion Daily AI and Big Data Bear 2X ETF$4.70MN/AMay 15, 2024-0.49
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $35M0.50%Mar 6, 2024-0.48
XLEISTATE STREET(R) ENERGY SELECT SECTOR SPDR(R) PREMIUM INCOME ETF STATE STREET(R)ENERGY SELECT SECTOR SPDR(R) PREMIUM INCOME ETF$40M0.35%Jul 29, 2025-0.48
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.48
UUPInvesco DB US Dollar Index Bullish Fund$436M0.75%Feb 20, 2007-0.47
SARKTRADR 1X SHORT INNOVATION DAILY ETF $43M0.92%Nov 5, 2021-0.45
FXPProShares UltraShort FTSE China 50 -2x Shares$7.60MN/ANov 6, 2007-0.45
NVDGRANITESHARES 2X SHORT NVDA DAILY ETF $61MN/AAug 21, 2023-0.45
YXIProShares Short FTSE China 50 -1x Shares$5M0.95%Mar 16, 2010-0.45
REWProShares UltraShort Technology -2x Shares$2.80MN/AJan 30, 2007-0.44
WTIPWISDOMTREE INFLATION PLUS FUND $21M0.65%Jun 16, 2025-0.43
AVSDIREXION DAILY AVGO BEAR 1X SHARES $7.50M1.03%Oct 9, 2024-0.43
YCSProShares UltraShort Yen -2x Shares$31MN/ANov 24, 2008-0.43
NVDQT-REX 2X INVERSE NVIDIA DAILY TARGET ETF $22MN/AOct 18, 2023-0.43
SPXUProShares UltraPro Short S&P 500$427MN/AJun 23, 2009-0.42