Looking to diversify beyond FINY? The ETFs below have the lowest correlation with FINY — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from FINY.
Best Diversifiers for FINY
5 ETFs have low correlation with FINY (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares S&P 500 High Income ETF | 0.16 | — | — | 52 | Derivative Income, S&P 500 | FINY vs ISPY | |
| NEOS S&P 500 High Income ETF | 0.16 | 0.16 | — | 69 | Derivative Income, S&P 500 | FINY vs SPYI | |
| SGI Enhanced Market Leaders ETF | 0.17 | 0.17 | 0.17 | 57 | Derivative Income | FINY vs LDRX | |
| Global X S&P 500 Covered Call & Growth ETF | 0.17 | 0.17 | 0.17 | 77 | Derivative Income, S&P 500 | FINY vs XYLG | |
| Parametric Equity Premium Income ETF | 0.27 | — | — | 59 | Derivative Income | FINY vs PAPI |
Diversification Analysis
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