Looking to diversify beyond FCID.TO? The ETFs below have the lowest correlation with FCID.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 FCID.TO.
Best Diversifiers for FCID.TO
0 ETFs have low correlation with FCID.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 0.37, up from 0.25 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 | 0.37 | 0.25 | — | 50 | Dividend, Large Cap Blend Equities | FCID.TO vs TUEX.TO | |
| Fidelity Global Monthly High Income ETF | 0.39 | 0.29 | 0.28 | 91 | Global Allocation | FCID.TO vs FCGI.TO | |
| iShares Core MSCI Canadian Quality Dividend Index ... | 0.41 | 0.51 | 0.49 | 98 | Dividend, Large Cap Value Equities | FCID.TO vs XDIV.TO | |
| Dynamic Active U.S. Dividend ETF | 0.42 | 0.37 | 0.34 | 78 | Dividend | FCID.TO vs DXU.TO | |
| HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF ... | 0.43 | — | — | 83 | Dividend | FCID.TO vs CWIN.TO |
See all 33 diversifiers for FCID.TO
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Diversification Analysis
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