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Fidelity Canadian High Quality ETF (FCCQ.TO) Diversifiers

ETF · Currency in CAD · Last updated Jul 16, 2026

The Fidelity Canadian High Quality ETF seeks to replicate the performance of the Fidelity Canada Canadian High Quality Index by investing primarily in equity securities of large and mid-capitalization Canadian companies with strong balance sheets and stable cash flows.

Looking to diversify beyond FCCQ.TO? The ETFs below have the lowest correlation with FCCQ.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 FCCQ.TO.

Best Diversifiers for FCCQ.TO

3 ETFs have low correlation with FCCQ.TO (below 0.3), 1 of which are negatively correlated. The least correlated is iShares S&P/TSX Capped Energy Index ETF (XEG.TO) (Energy Equities) with a 1Y correlation of -0.03, down from 0.39 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
XEG.TO
iShares S&P/TSX Capped Energy Index ETF-0.030.310.39
78
Energy Equities, Canada EquitiesFCCQ.TO vs XEG.TO
FCSB.NEO
Fidelity Canadian Short Term Corporate Bond ETF0.210.110.07
51
Corporate BondsFCCQ.TO vs FCSB.NEO
HXH.TO
Global X Canadian High Dividend Index Corporate Cl...0.230.470.50
98
Canada EquitiesFCCQ.TO vs HXH.TO
FCGI.TO
Fidelity Global Monthly High Income ETF0.320.230.25
93
Global AllocationFCCQ.TO vs FCGI.TO
TLV.TO
Invesco S&P/TSX Composite Low Volatility Index ETF0.340.500.53
97
Canada EquitiesFCCQ.TO vs TLV.TO
See all 49 diversifiers for FCCQ.TO

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Diversification Analysis

Build a portfolio that complements FCCQ.TO

Add FCCQ.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

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