Looking to balance out your exposure to FFH.TO? The ETFs below have the lowest correlation with FFH.TO — they tend to move on their own, which can help reduce risk when FFH.TO drops. The stock ideas table highlights individual companies that behave independently from FFH.TO.
Best Diversifiers for FFH.TO
10 ETFs have low correlation with FFH.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Global X Artificial Intelligence Semiconductor Index ETF (CHPS.TO) (Semiconductors) with a 1Y correlation of 0.07, roughly unchanged from 0.12 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Artificial Intelligence Semiconductor Ind... | 0.07 | 0.12 | — | 94 | Semiconductors, Technology Equities | FFH.TO vs CHPS.TO | |
| TD Global Technology Leaders Index ETF | 0.08 | 0.19 | 0.23 | 58 | Technology Equities | FFH.TO vs TEC.TO | |
| iShares NASDAQ 100 Index ETF (CAD-Hedged) | 0.08 | 0.17 | 0.24 | 66 | Nasdaq-100 | FFH.TO vs XQQ.TO | |
| Hamilton Enhanced Canadian Bank ETF | 0.14 | 0.25 | 0.31 | 96 | Leveraged Equities | FFH.TO vs HCAL.TO | |
| BMO Equal Weight Banks Index ETF | 0.15 | 0.25 | 0.31 | 96 | Financials Equities | FFH.TO vs ZEB.TO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FFH.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FFH.TO and solid risk/return profiles. The least correlated is Toromont Industries Ltd. (TIH.TO) (Industrials) with a 1Y correlation of -0.03, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Toromont Industries Ltd. | -0.03 | 0.16 | 0.22 | 97 | Industrials | |
| Paramount Resources Ltd. | -0.02 | 0.07 | 0.14 | 85 | Energy | |
| Sprott Inc | -0.00 | 0.08 | 0.12 | 91 | Financial Services | |
| Tamarack Valley Energy Ltd. | 0.00 | 0.05 | 0.13 | 99 | Energy | |
| Badger Infrastructure Solutions Ltd. | 0.02 | 0.10 | 0.16 | 91 | Industrials |
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Build a portfolio that complements FFH.TO
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