Looking to diversify beyond FGO.TO? The ETFs below have the lowest correlation with FGO.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 FGO.TO.
Best Diversifiers for FGO.TO
4 ETFs have low correlation with FGO.TO (below 0.3), 1 of which are negatively correlated. The least correlated is CI Auspice Broad Commodity Fund ETF Hedged Units (CCOM.TO) (Commodities) with a 1Y correlation of -0.14, down from -0.04 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| CI Auspice Broad Commodity Fund ETF Hedged Units | -0.14 | -0.04 | — | 65 | Commodities | FGO.TO vs CCOM.TO | |
| CI Equity Asset Allocation ETF | 0.14 | 0.07 | — | 92 | Diversified Portfolio | FGO.TO vs CEQT.TO | |
| CI Canadian Banks Covered Call Income Class ETF | 0.20 | 0.21 | 0.09 | 97 | Financials Equities | FGO.TO vs CIC.TO | |
| CI Morningstar International Value Index ETF (Unhe... | 0.28 | 0.17 | 0.10 | 72 | Foreign Small & Mid Cap Equities | FGO.TO vs VXM-B.TO |
Diversification Analysis
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