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
9 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 0.01, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Artificial Intelligence Semiconductor Ind... | 0.01 | 0.10 | 0.19 | 89 | Semiconductors, Technology Equities | FFH.TO vs CHPS.TO | |
| Hamilton Enhanced Canadian Bank ETF | 0.11 | 0.22 | 0.29 | 98 | Financials Equities, Canada Equities, Leveraged Equities | FFH.TO vs HCAL.TO | |
| BMO Equal Weight Banks Index ETF | 0.12 | 0.22 | 0.30 | 98 | Financials Equities, Equal Weight | FFH.TO vs ZEB.TO | |
| Vanguard S&P 500 Index ETF | 0.13 | 0.25 | 0.28 | 79 | S&P 500 | FFH.TO vs VFV.TO | |
| Horizons All-Equity Asset Allocation ETF | 0.15 | 0.25 | 0.31 | 86 | Global Equities | FFH.TO vs HEQT.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 Paramount Resources Ltd. (POU.TO) (Energy) with a 1Y correlation of -0.03, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Paramount Resources Ltd. | -0.03 | 0.05 | 0.14 | 77 | Energy | |
| Finning International Inc. | -0.02 | 0.15 | 0.21 | 91 | Industrials | |
| Toromont Industries Ltd. | -0.02 | 0.15 | 0.22 | 96 | Industrials | |
| Sprott Inc | -0.01 | 0.07 | 0.11 | 76 | Financial Services | |
| Celestica Inc. | 0.01 | 0.13 | 0.20 | 86 | Technology |
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