Looking to diversify beyond FCIM.NEO? The ETFs below have the lowest correlation with FCIM.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 FCIM.NEO.
Best Diversifiers for FCIM.NEO
0 ETFs have low correlation with FCIM.NEO (below 0.3), 0 of which are negatively correlated. The least correlated is Mackenzie International Equity Index ETF (CAD-Hedged) (QDXH.TO) (International Equity) with a 1Y correlation of 0.31, roughly unchanged from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Mackenzie International Equity Index ETF (CAD-Hedg... | 0.31 | 0.30 | 0.27 | 67 | International Equity | FCIM.NEO vs QDXH.TO | |
| Brompton International Cash Flow Kings ETF | 0.34 | — | — | 89 | International Equity | FCIM.NEO vs KNGX.TO | |
| Fidelity Global Monthly High Income ETF | 0.37 | 0.24 | 0.23 | 92 | Global Allocation | FCIM.NEO vs FCGI.TO | |
| iShares MSCI USA Momentum Factor Index ETF | 0.39 | 0.34 | 0.30 | 65 | Momentum, Large Cap Blend Equities | FCIM.NEO vs XMTM.TO | |
| CI Morningstar International Momentum Index ETF Co... | 0.39 | 0.30 | 0.33 | 73 | Momentum, Foreign Large Cap Equities | FCIM.NEO vs ZXM.TO |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FCIM.NEO
Add FCIM.NEO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FCIM.NEO