Looking to diversify beyond FBTC.TO? The ETFs below have historically moved differently from FBTC.TO, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for FBTC.TO
10 ETFs have low correlation with FBTC.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Global X High Interest Savings ETF (CASH.TO) (Money Market) with a 1Y correlation of 0.03, roughly unchanged from 0.03 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X High Interest Savings ETF | 0.03 | 0.03 | — | 100 | Money Market | FBTC.TO vs CASH.TO | |
| Fidelity Canadian Monthly High Income ETF | 0.17 | 0.09 | — | 95 | Canada Equities, Derivative Income | FBTC.TO vs FCMI.TO | |
| iShares Core MSCI Canadian Quality Dividend Index ... | 0.18 | 0.18 | — | 98 | Quality Factor, Dividend, Large Cap Value Equities | FBTC.TO vs XDIV.TO | |
| Fidelity Canadian High Dividend Index ETF | 0.20 | 0.18 | — | 96 | Dividend | FBTC.TO vs FCCD.TO | |
| Fidelity Global Monthly High Income ETF | 0.21 | 0.10 | — | 93 | Global Allocation | FBTC.TO vs FCGI.TO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FBTC.TO, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Aritzia Inc. (ATZ.TO) (Consumer Cyclical) with a 1Y correlation of 0.24, roughly unchanged from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Aritzia Inc. | 0.24 | 0.15 | 0.21 | 90 | Consumer Cyclical |
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