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Fidelity Canadian Value ETF (FCCV.TO) Diversifiers

ETF · Currency in CAD · Last updated Jun 4, 2026

The Fidelity Canadian Value ETF seeks to replicate the performance of the Fidelity Canada Canadian Value Index by investing primarily in equity securities of large- and mid-capitalization Canadian companies with attractive valuations.

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

Best Diversifiers for FCCV.TO

1 ETFs have low correlation with FCCV.TO (below 0.3), 0 of which are negatively correlated. The least correlated is CI Auspice Broad Commodity Fund ETF Hedged Units (CCOM.TO) (Commodities) with a 1Y correlation of 0.19, roughly unchanged from 0.20 over 3 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
CCOM.TO
CI Auspice Broad Commodity Fund ETF Hedged Units0.190.20—
70
CommoditiesFCCV.TO vs CCOM.TO
HXH.TO
Global X Canadian High Dividend Index Corporate Cl...0.360.590.63
98
Canada EquitiesFCCV.TO vs HXH.TO
TLV.TO
Invesco S&P/TSX Composite Low Volatility Index ETF0.400.510.51
92
Canada EquitiesFCCV.TO vs TLV.TO
CLML.TO
CI Global Climate Leaders Fund0.450.35—
88
FCCV.TO vs CLML.TO
XEI.TO
iShares S&P/TSX Composite High Dividend Index ETF0.490.730.79
98
Canada EquitiesFCCV.TO vs XEI.TO
See all 41 diversifiers for FCCV.TO

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from FCCV.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FCCV.TO and solid risk/return profiles. The least correlated is Sienna Senior Living Inc. (SIA.TO) (Healthcare) with a 1Y correlation of 0.24, down from 0.43 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
SIA.TO
Sienna Senior Living Inc.0.240.380.43
69
Healthcare
CSH-UN.TO
Chartwell Retirement Residences0.250.320.35
64
Real Estate

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Diversification Analysis

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