Looking to diversify beyond FCIL.NEO? The ETFs below have the lowest correlation with FCIL.NEO — 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 FCIL.NEO.
Best Diversifiers for FCIL.NEO
5 ETFs have low correlation with FCIL.NEO (below 0.3), 0 of which are negatively correlated. The least correlated is BMO Money Market Fund ETF Series (ZMMK.TO) (Money Market) with a 1Y correlation of 0.08, roughly unchanged from 0.02 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BMO Money Market Fund ETF Series | 0.08 | 0.02 | — | 100 | Money Market | FCIL.NEO vs ZMMK.TO | |
| BMO Laddered Preferred Share Index ETF | 0.14 | 0.16 | 0.14 | 96 | Preferred Stock/Convertible Bonds | FCIL.NEO vs ZPR.TO | |
| CI Morningstar International Momentum Index ETF Co... | 0.20 | 0.18 | 0.19 | 73 | Momentum, Foreign Large Cap Equities | FCIL.NEO vs ZXM.TO | |
| Fidelity Global Innovators ETF | 0.25 | 0.24 | — | 90 | Technology Equities | FCIL.NEO vs FINN.NEO | |
| Fidelity US Momentum ETF | 0.29 | 0.24 | 0.23 | 65 | Momentum, Large Cap Growth Equities | FCIL.NEO vs FCMO.NEO |
See all 18 diversifiers for FCIL.NEO
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