Looking to diversify beyond FCMI.TO? The ETFs below have the lowest correlation with FCMI.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 FCMI.TO.
Best Diversifiers for FCMI.TO
17 ETFs have low correlation with FCMI.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Global Innovators ETF (FINN.NEO) (Global Equities) with a 1Y correlation of 0.05, roughly unchanged from 0.07 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Global Innovators ETF | 0.05 | 0.07 | — | 89 | Global Equities | FCMI.TO vs FINN.NEO | |
| Fidelity US Momentum ETF | 0.11 | 0.13 | 0.12 | 58 | Momentum, Large Cap Growth Equities | FCMI.TO vs FCMO.NEO | |
| iShares S&P/TSX Composite High Dividend Index ETF | 0.17 | 0.16 | 0.17 | 98 | Canada Equities | FCMI.TO vs XEI.TO | |
| Invesco S&P/TSX Composite Low Volatility Index ETF | 0.19 | 0.17 | 0.19 | 97 | Canada Equities | FCMI.TO vs TLV.TO | |
| Hamilton Utilities YIELD MAXIMIZER ETF | 0.20 | 0.15 | — | 73 | Derivative Income, Utilities Equities | FCMI.TO vs UMAX.TO |
See all 38 diversifiers for FCMI.TO
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