Looking to balance out your exposure to FFIE? The ETFs below have the lowest correlation with FFIE — they tend to move on their own, which can help reduce risk when FFIE drops. The stock ideas table highlights individual companies that behave independently from FFIE.
Best Diversifiers for FFIE
3 ETFs have low correlation with FFIE (below 0.3), 0 of which are negatively correlated. The least correlated is First Trust Senior Loan Fund (FTSL) (High Yield Bonds) with a 1Y correlation of 0.21, roughly unchanged from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust Senior Loan Fund | 0.21 | 0.14 | 0.16 | 60 | High Yield Bonds | FFIE vs FTSL | |
| VanEck Semiconductor ETF | 0.22 | 0.17 | 0.21 | 96 | Semiconductors, Technology Equities | FFIE vs SMH | |
| Vanguard Information Technology ETF | 0.26 | 0.20 | 0.24 | 76 | Technology Equities | FFIE vs VGT | |
| Vanguard S&P 500 ETF | 0.31 | 0.20 | 0.23 | 70 | S&P 500 | FFIE vs VOO | |
| State Street SPDR S&P 500 ETF | 0.31 | 0.20 | 0.23 | 70 | S&P 500 | FFIE vs SPY |
See all 6 diversifiers for FFIE
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Diversification Analysis
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