Looking to diversify beyond FBTC.TO? The ETFs below have the lowest correlation with FBTC.TO — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from FBTC.TO.
Best Diversifiers for FBTC.TO
14 ETFs have low correlation with FBTC.TO (below 0.3), 1 of which are negatively correlated. The least correlated is Global X High Interest Savings ETF (CASH.TO) (Money Market) with a 1Y correlation of -0.00, roughly unchanged from 0.04 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X High Interest Savings ETF | -0.00 | 0.04 | — | 100 | Money Market | FBTC.TO vs CASH.TO | |
| iShares Core MSCI Canadian Quality Dividend Index ... | 0.17 | 0.17 | — | 98 | Dividend, Large Cap Value Equities | FBTC.TO vs XDIV.TO | |
| Fidelity Canadian Momentum Index ETF | 0.19 | 0.16 | — | 76 | Momentum, Canada Equities | FBTC.TO vs FCCM.NEO | |
| Fidelity Canadian High Dividend Index ETF | 0.20 | 0.17 | 0.19 | 94 | Dividend | FBTC.TO vs FCCD.TO | |
| Fidelity Global Monthly High Income ETF | 0.21 | 0.07 | 0.06 | 91 | Global Allocation | FBTC.TO vs FCGI.TO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FBTC.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FBTC.TO and solid risk/return profiles. The least correlated is Aritzia Inc. (ATZ.TO) (Consumer Cyclical) with a 1Y correlation of 0.23, roughly unchanged from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Aritzia Inc. | 0.23 | 0.15 | 0.21 | 94 | Consumer Cyclical |
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