Looking to balance out your exposure to FOXF? The ETFs below have the lowest correlation with FOXF — they tend to move on their own, which can help reduce risk when FOXF drops. The stock ideas table highlights individual companies that behave independently from FOXF.
Best Diversifiers for FOXF
1 ETFs have low correlation with FOXF (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.28, down from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.28 | 0.33 | 0.45 | 73 | Nasdaq-100 | FOXF vs QQQ | |
| Vanguard S&P 500 ETF | 0.34 | 0.42 | 0.52 | 70 | S&P 500 | FOXF vs VOO | |
| State Street SPDR S&P 500 ETF | 0.34 | 0.42 | 0.52 | 70 | S&P 500 | FOXF vs SPY |
Diversification Analysis
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