Looking to balance out your exposure to FJTNY? The ETFs below have the lowest correlation with FJTNY — they tend to move on their own, which can help reduce risk when FJTNY drops. The stock ideas table highlights individual companies that behave independently from FJTNY.
Best Diversifiers for FJTNY
1 ETFs have low correlation with FJTNY (below 0.3), 1 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 -0.03, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | -0.03 | 0.05 | 0.02 | 74 | S&P 500 | FJTNY vs SPY |
Diversification Analysis
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