Looking to balance out your exposure to FPAY? The ETFs below have the lowest correlation with FPAY — they tend to move on their own, which can help reduce risk when FPAY drops. The stock ideas table highlights individual companies that behave independently from FPAY.
Best Diversifiers for FPAY
1 ETFs have low correlation with FPAY (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.03, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.03 | 0.12 | 0.16 | 70 | S&P 500 | FPAY vs VOO |
Diversification Analysis
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