Looking to balance out your exposure to FONR? The ETFs below have the lowest correlation with FONR — they tend to move on their own, which can help reduce risk when FONR drops. The stock ideas table highlights individual companies that behave independently from FONR.
Best Diversifiers for FONR
1 ETFs have low correlation with FONR (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 0.08, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.08 | 0.17 | 0.19 | 74 | S&P 500 | FONR vs SPY |
Diversification Analysis
Build a portfolio that complements FONR
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Analyze a portfolio with FONR