Looking to diversify beyond FCMO.NEO? The ETFs below have the lowest correlation with FCMO.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 FCMO.NEO.
Best Diversifiers for FCMO.NEO
0 ETFs have low correlation with FCMO.NEO (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Global Monthly High Income ETF (FCGI.TO) (Global Allocation) with a 1Y correlation of 0.31, roughly unchanged from 0.23 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Global Monthly High Income ETF | 0.31 | 0.23 | — | 92 | Global Allocation | FCMO.NEO vs FCGI.TO | |
| CI Morningstar International Momentum Index ETF Co... | 0.32 | 0.25 | — | 73 | Momentum, Foreign Large Cap Equities | FCMO.NEO vs ZXM.TO | |
| BMO Equal Weight Global Gold Index ETF | 0.35 | 0.19 | — | 52 | Gold | FCMO.NEO vs ZGD.TO | |
| Fidelity Canadian High Dividend Index ETF | 0.45 | 0.36 | — | 95 | Dividend | FCMO.NEO vs FCCD.TO | |
| Fidelity All-International Equity ETF | 0.49 | — | — | 56 | Global Equities | FCMO.NEO vs FCIN.NEO |
See all 39 diversifiers for FCMO.NEO
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