PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

Fidelity U.S. Value ETF (FCUV.TO) Diversifiers

ETF · Currency in CAD · Last updated Jun 4, 2026

This ETF focuses on single-factor exposure to companies with attractive valuations, aiming to provide undervalued securities the opportunity to outperform over the long term as an efficient complement to a well-diversified portfolio.

Looking to diversify beyond FCUV.TO? The ETFs below have the lowest correlation with FCUV.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 FCUV.TO.

Best Diversifiers for FCUV.TO

6 ETFs have low correlation with FCUV.TO (below 0.3), 2 of which are negatively correlated. The least correlated is Ninepoint Energy ETF (NNRG.NEO) (Energy Equities) with a 1Y correlation of -0.11, down from 0.29 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
NNRG.NEO
Ninepoint Energy ETF-0.110.190.29
79
Energy EquitiesFCUV.TO vs NNRG.NEO
XEG.TO
iShares S&P/TSX Capped Energy Index ETF-0.090.210.30
86
Energy EquitiesFCUV.TO vs XEG.TO
PMIF-U.TO
PIMCO Monthly Income Fund (Canada)0.180.10-0.04
57
Multisector BondsFCUV.TO vs PMIF-U.TO
PMIF.TO
PIMCO Monthly Income Fund (Canada)0.210.130.10
52
FCUV.TO vs PMIF.TO
XSH.TO
iShares Core Canadian Short Term Corporate Bond In...0.270.130.09
53
Canadian Government BondsFCUV.TO vs XSH.TO
See all 51 diversifiers for FCUV.TO

To view more results, upgrade your current subscription plan.

Diversification Analysis

Build a portfolio that complements FCUV.TO

Add FCUV.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with FCUV.TO