Looking to balance out your exposure to FCR-UN.TO? The ETFs below have the lowest correlation with FCR-UN.TO — they tend to move on their own, which can help reduce risk when FCR-UN.TO drops. The stock ideas table highlights individual companies that behave independently from FCR-UN.TO.
Best Diversifiers for FCR-UN.TO
3 ETFs have low correlation with FCR-UN.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 Index ETF (VFV.TO) (S&P 500) with a 1Y correlation of 0.08, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 Index ETF | 0.08 | 0.20 | 0.27 | 75 | S&P 500 | FCR-UN.TO vs VFV.TO | |
| iShares Core Equity ETF Portfolio | 0.18 | 0.34 | 0.40 | 85 | Global Equities | FCR-UN.TO vs XEQT.TO | |
| iShares Core MSCI Canadian Quality Dividend Index ... | 0.25 | 0.41 | 0.46 | 98 | Dividend, Large Cap Value Equities | FCR-UN.TO vs XDIV.TO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FCR-UN.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FCR-UN.TO and solid risk/return profiles. The least correlated is TransAlta Corporation (TA.TO) (Utilities) with a 1Y correlation of -0.01, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| TransAlta Corporation | -0.01 | 0.20 | 0.19 | 65 | Utilities | |
| Brookfield Infrastructure Partners L.P | 0.09 | 0.34 | 0.31 | 72 | Utilities | |
| IGM Financial Inc. | 0.15 | 0.35 | 0.41 | 97 | Financial Services | |
| Chartwell Retirement Residences | 0.26 | 0.37 | 0.41 | 80 | Real Estate | |
| CT Real Estate Investment Trust | 0.54 | 0.61 | 0.64 | 87 | Real Estate |
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