Looking to diversify beyond FCIV.TO? The ETFs below have the lowest correlation with FCIV.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 FCIV.TO.
Best Diversifiers for FCIV.TO
1 ETFs have low correlation with FCIV.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Canadian Short Term Corporate Bond ETF (FCSB.NEO) (Corporate Bonds) with a 1Y correlation of 0.23, up from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Canadian Short Term Corporate Bond ETF | 0.23 | 0.15 | 0.09 | 51 | Corporate Bonds | FCIV.TO vs FCSB.NEO | |
| Fidelity Global Monthly High Income ETF | 0.33 | 0.25 | 0.24 | 93 | Global Allocation | FCIV.TO vs FCGI.TO | |
| iShares Core MSCI Canadian Quality Dividend Index ... | 0.35 | 0.51 | 0.54 | 98 | Dividend, Large Cap Value Equities | FCIV.TO vs XDIV.TO | |
| CI Morningstar International Momentum Index ETF Co... | 0.40 | 0.34 | 0.38 | 82 | Momentum, Foreign Large Cap Equities | FCIV.TO vs ZXM.TO | |
| Fidelity Global Innovators ETF | 0.44 | 0.43 | — | 88 | Technology Equities | FCIV.TO vs FINN.NEO |
See all 37 diversifiers for FCIV.TO
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements FCIV.TO
Add FCIV.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FCIV.TO