Looking to diversify beyond FGRO.NEO? The ETFs below have the lowest correlation with FGRO.NEO — 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 FGRO.NEO.
Best Diversifiers for FGRO.NEO
2 ETFs have low correlation with FGRO.NEO (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin Growth ETF Portfolio | 0.14 | — | — | 94 | Diversified Portfolio | FGRO.NEO vs GRO.TO | |
| Fidelity Canadian Short Term Corporate Bond ETF | 0.17 | 0.12 | 0.10 | 51 | Corporate Bonds | FGRO.NEO vs FCSB.NEO | |
| Fidelity Canadian Monthly High Income ETF | 0.32 | 0.22 | 0.21 | 95 | Canada Equities, Derivative Income | FGRO.NEO vs FCMI.TO | |
| Fidelity Global Monthly High Income ETF | 0.38 | 0.28 | 0.27 | 93 | Global Allocation | FGRO.NEO vs FCGI.TO | |
| CI Equity Asset Allocation ETF | 0.42 | 0.28 | 0.27 | 92 | Diversified Portfolio | FGRO.NEO vs CEQT.TO |
See all 46 diversifiers for FGRO.NEO
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Diversification Analysis
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