Looking to diversify beyond FCCM.NEO? The ETFs below have the lowest correlation with FCCM.NEO — 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 FCCM.NEO.
Best Diversifiers for FCCM.NEO
8 ETFs have low correlation with FCCM.NEO (below 0.3), 1 of which are negatively correlated. The least correlated is Ninepoint Energy ETF (NNRG.NEO) (Energy Equities) with a 1Y correlation of -0.07, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Ninepoint Energy ETF | -0.07 | 0.16 | 0.23 | 83 | Energy Equities | FCCM.NEO vs NNRG.NEO | |
| CI Auspice Broad Commodity Fund ETF Hedged Units | 0.16 | 0.17 | — | 63 | Commodities | FCCM.NEO vs CCOM.TO | |
| iShares Core Canadian Short Term Corporate Bond In... | 0.21 | 0.17 | 0.14 | 55 | Canadian Government Bonds | FCCM.NEO vs XSH.TO | |
| Brompton Canadian Cash Flow Kings ETF | 0.23 | — | — | 97 | Large Cap Blend Equities | FCCM.NEO vs KNGC.TO | |
| Global X Canadian High Dividend Index Corporate Cl... | 0.23 | 0.33 | 0.36 | 98 | Canada Equities | FCCM.NEO vs HXH.TO |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FCCM.NEO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FCCM.NEO and solid risk/return profiles. The least correlated is Equitable Group Inc. (EQB.TO) (Financial Services) with a 1Y correlation of 0.26, roughly unchanged from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Equitable Group Inc. | 0.26 | 0.28 | 0.32 | 71 | Financial Services |
Build a portfolio that complements FCCM.NEO
Add FCCM.NEO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FCCM.NEO