Looking to balance out your exposure to FHTX? The ETFs below have the lowest correlation with FHTX — they tend to move on their own, which can help reduce risk when FHTX drops. The stock ideas table highlights individual companies that behave independently from FHTX.
Best Diversifiers for FHTX
0 ETFs have low correlation with FHTX (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.35, roughly unchanged from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.35 | 0.35 | 0.35 | 66 | S&P 500 | FHTX vs SPY |
Diversification Analysis
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