Looking to balance out your exposure to FEC.TO? The ETFs below have the lowest correlation with FEC.TO — they tend to move on their own, which can help reduce risk when FEC.TO drops. The stock ideas table highlights individual companies that behave independently from FEC.TO.
No Diversifiers Found for FEC.TO
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FEC.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FEC.TO and solid risk/return profiles. The least correlated is Parex Resources Inc. (PXT.TO) (Energy) with a 1Y correlation of 0.29, down from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Parex Resources Inc. | 0.29 | 0.38 | 0.42 | 92 | Energy |
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