Looking to diversify beyond FCIQ.TO? The ETFs below have the lowest correlation with FCIQ.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 FCIQ.TO.
Best Diversifiers for FCIQ.TO
1 ETFs have low correlation with FCIQ.TO (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 0.21, roughly unchanged from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Mackenzie International Equity Index ETF (CAD-Hedg... | 0.21 | 0.26 | 0.24 | 82 | International Equity | FCIQ.TO vs QDXH.TO | |
| First Trust International Capital Strength ETF | 0.30 | 0.20 | 0.24 | 55 | International Equity | FCIQ.TO vs FINT.TO | |
| Fidelity Canadian Momentum Index ETF | 0.41 | 0.41 | 0.40 | 87 | Momentum, Canada Equities | FCIQ.TO vs FCCM.NEO | |
| Brompton International Cash Flow Kings ETF | 0.42 | — | — | 92 | International Equity | FCIQ.TO vs KNGX.TO | |
| Fidelity US Momentum ETF | 0.51 | 0.48 | 0.45 | 58 | Momentum, Large Cap Growth Equities | FCIQ.TO vs FCMO.NEO |
See all 24 diversifiers for FCIQ.TO
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