Looking to diversify beyond FCCD.TO? The ETFs below have the lowest correlation with FCCD.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 FCCD.TO.
Best Diversifiers for FCCD.TO
3 ETFs have low correlation with FCCD.TO (below 0.3), 0 of which are negatively correlated. The least correlated is TD Active U.S. Enhanced Dividend CAD Hedged ETF (TUEX.TO) (Dividend) with a 1Y correlation of 0.24, roughly unchanged from 0.23 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| TD Active U.S. Enhanced Dividend CAD Hedged ETF | 0.24 | 0.23 | — | 50 | Dividend, Large Cap Blend Equities | FCCD.TO vs TUEX.TO | |
| Fidelity Global Innovators ETF | 0.28 | 0.30 | — | 89 | Technology Equities | FCCD.TO vs FINN.NEO | |
| Dynamic Active U.S. Dividend ETF | 0.28 | 0.26 | 0.32 | 78 | Dividend | FCCD.TO vs DXU.TO | |
| Fidelity US Momentum ETF | 0.45 | 0.36 | — | 61 | Momentum, Large Cap Growth Equities | FCCD.TO vs FCMO.NEO | |
| Fidelity International Momentum Index ETF | 0.46 | 0.47 | 0.46 | 67 | Momentum, International Equity | FCCD.TO vs FCIM.NEO |
See all 26 diversifiers for FCCD.TO
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