22 Stocks and 78 ETFs for diversifying Paychex (PAYX)
The least correlated asset to Paychex (PAYX) is ETF PALD (Direxion Daily PANW Bear 1X Shares). The correlation is -0.7495.
Stocks that lowly correlated with PAYX
| Symbol | Name | Market cap | Sector | Industry | Correlation |
|---|---|---|---|---|---|
| TMUSL | TMobile US Inc 6.250 Senior Notes due 2069 | $27B | N/A | N/A | -0.70 |
| SUGP | SU Group Holdings Ltd - Class A | $5.51M | Industrials | Security & Protection Services | -0.56 |
| PSIG | PS International Group Ltd | $21M | Industrials | Integrated Freight & Logistics | -0.56 |
| NEE-P-U | NextEra Energy Inc Series U Junior Subordinated Debentures due June 1 2085 | $51B | N/A | N/A | -0.56 |
| APADU | A Paradise Acquisition Corp Unit | $67M | Financial Services | Shell Companies | -0.54 |
| APUS | Apimeds Pharmaceuticals US Inc | $8.51M | Healthcare | Drug Manufacturers - Specialty & Generic | -0.54 |
| TMUSZ | TMobile US Inc 5.500 Senior Notes due March 2070 | $24B | N/A | N/A | -0.54 |
| STRC | Microstrategy Incorporated Variable Rate Series A Perpetual Stretch Preferred Stock | $29B | Technology | Software - Application | -0.52 |
| INBX | Inhibrx Biosciences Inc | $1.33B | Healthcare | Biotechnology | -0.50 |
| SHMD | SCHMID Group N.V. - Class A | $215M | Industrials | Specialty Industrial Machinery | -0.49 |
| ALM | Alma Metals Limited | $3.90B | Basic Materials | Other Industrial Metals & Mining | -0.49 |
| AUGO | Aura Minerals Inc | $4.54B | Basic Materials | Gold | -0.48 |
| HOND | HCM II Acquisition Corp. Class A Ordinary Shares | $519M | Financial Services | Shell Companies | -0.47 |
| TMUSI | TMobile US Inc 5.500 Senior Notes due June 2070 | $23B | N/A | N/A | -0.47 |
| ANL | Adlai Nortye Ltd | $317M | Healthcare | Biotechnology | -0.46 |
| APAD | Enhanced Group Inc - Class A | $161M | Financial Services | Shell Companies | -0.46 |
| WSBK | Winchester Bancorp Inc | $121M | Financial Services | Banks - Regional | -0.46 |
| DTSQ | DT Cloud Star Acquisition Corp | $70M | Financial Services | Shell Companies | -0.45 |
| BEPC | Brookfield Renewable Corporation (Exchangeable Shares) - Class A | $6.37B | Utilities | Utilities - Renewable | -0.45 |
| NIPG | NIP Group Inc | $82M | Communication Services | Entertainment | -0.45 |
| HAO | Haoxi Health Technology Ltd - Class A | $1.03M | Communication Services | Advertising Agencies | -0.44 |
| JBS | JBS N.V. - Class A | $13B | Consumer Defensive | Packaged Foods | -0.43 |