Looking to diversify beyond FCGI.TO? The ETFs below have the lowest correlation with FCGI.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 FCGI.TO.
Best Diversifiers for FCGI.TO
3 ETFs have low correlation with FCGI.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Global X Conservative Asset Allocation ETF (HCON.TO) (Global Allocation) with a 1Y correlation of 0.28, roughly unchanged from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Conservative Asset Allocation ETF | 0.28 | 0.26 | 0.23 | 62 | Global Allocation | FCGI.TO vs HCON.TO | |
| Fidelity Global Innovators ETF | 0.29 | 0.20 | — | 89 | Technology Equities | FCGI.TO vs FINN.NEO | |
| Fidelity Canadian Momentum Index ETF | 0.30 | 0.23 | 0.22 | 76 | Momentum, Canada Equities | FCGI.TO vs FCCM.NEO | |
| BMO Global Enhanced Income Fund Series ETF | 0.30 | — | — | 92 | Global Allocation | FCGI.TO vs ZWQT.TO | |
| Fidelity US Momentum ETF | 0.31 | 0.23 | — | 61 | Momentum, Large Cap Growth Equities | FCGI.TO vs FCMO.NEO |
See all 17 diversifiers for FCGI.TO
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Diversification Analysis
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