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 Fidelity Global Monthly High Income ETF (FCGI.TO) (Global Allocation) with a 1Y correlation of 0.33, roughly unchanged from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Global Monthly High Income ETF | 0.33 | 0.27 | 0.27 | 92 | Global Allocation | FCID.TO vs FCGI.TO | |
| HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF ... | 0.40 | 0.46 | 0.46 | 92 | Dividend | FCID.TO vs CWIN.TO | |
| iShares Core MSCI Canadian Quality Dividend Index ... | 0.41 | 0.50 | 0.49 | 98 | Dividend, Large Cap Value Equities | FCID.TO vs XDIV.TO | |
| Fidelity Global Innovators ETF | 0.41 | 0.39 | — | 87 | Technology Equities | FCID.TO vs FINN.NEO | |
| Dynamic Active U.S. Dividend ETF | 0.42 | 0.37 | 0.34 | 76 | Dividend | FCID.TO vs DXU.TO |
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