Looking to balance out your exposure to FFN.TO? The ETFs below have the lowest correlation with FFN.TO — they tend to move on their own, which can help reduce risk when FFN.TO drops. The stock ideas table highlights individual companies that behave independently from FFN.TO.
Best Diversifiers for FFN.TO
0 ETFs have low correlation with FFN.TO (below 0.3), 0 of which are negatively correlated. The least correlated is BMO CA High Dividend Covered Call ETF (ZWC.TO) (Derivative Income) with a 1Y correlation of 0.44, down from 0.60 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BMO CA High Dividend Covered Call ETF | 0.44 | 0.59 | 0.60 | 93 | Derivative Income | FFN.TO vs ZWC.TO | |
| Harvest Tech Achievers Enhanced Income ETF - Class... | 0.45 | 0.42 | 0.43 | 65 | Technology Equities | FFN.TO vs HTAE.TO | |
| Invesco NASDAQ 100 Index ETF CAD Hedged | 0.52 | 0.40 | 0.40 | 77 | Nasdaq-100 | FFN.TO vs QQC.TO | |
| BMO S&P/TSX 60 Index ETF | 0.53 | 0.51 | 0.51 | 86 | Canada Equities | FFN.TO vs ZIU.TO | |
| BMO S&P 500 Index ETF | 0.55 | 0.47 | 0.46 | 77 | S&P 500 | FFN.TO vs ZSP.TO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FFN.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FFN.TO and solid risk/return profiles. The least correlated is Chartwell Retirement Residences (CSH-UN.TO) (Real Estate) with a 1Y correlation of 0.13, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chartwell Retirement Residences | 0.13 | 0.25 | 0.31 | 66 | Real Estate | |
| Aecon Group Inc. | 0.29 | 0.28 | 0.33 | 96 | Industrials | |
| Dividend 15 Split Corp. | 0.57 | 0.65 | 0.63 | 96 | Financial Services |
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