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
0 ETFs have low correlation with FCIV.TO (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO) (Dividend) with a 1Y correlation of 0.35, down from 0.55 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core MSCI Canadian Quality Dividend Index ... | 0.35 | 0.52 | 0.55 | 98 | Dividend, Large Cap Value Equities | FCIV.TO vs XDIV.TO | |
| Fidelity Global Monthly High Income ETF | 0.36 | 0.25 | 0.25 | 91 | Global Allocation | FCIV.TO vs FCGI.TO | |
| CI Morningstar International Momentum Index ETF Co... | 0.38 | 0.34 | 0.38 | 71 | Momentum, Foreign Large Cap Equities | FCIV.TO vs ZXM.TO | |
| CI Morningstar Canada Value Index ETF | 0.47 | 0.52 | 0.54 | 95 | Canada Equities | FCIV.TO vs FXM.TO | |
| Fidelity Global Innovators ETF | 0.47 | 0.45 | — | 89 | Technology Equities | FCIV.TO vs FINN.NEO |
See all 30 diversifiers for FCIV.TO
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