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First Trust AlphaDEX U.S. Industrials Sector Index ETF (FHG.TO) Diversifiers

ETF · Currency in CAD · Last updated Jul 16, 2026

First Trust AlphaDEX U.S. Industrials Sector Index ETF seeks to track the StrataQuant Industrials Index.

Looking to diversify beyond FHG.TO? The ETFs below have the lowest correlation with FHG.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 FHG.TO.

Best Diversifiers for FHG.TO

6 ETFs have low correlation with FHG.TO (below 0.3), 1 of which are negatively correlated. The least correlated is BMO Global Infrastructure Index ETF (ZGI.TO) (Industrials Equities) with a 1Y correlation of -0.00, down from 0.21 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
ZGI.TO
BMO Global Infrastructure Index ETF-0.000.160.21
52
Industrials EquitiesFHG.TO vs ZGI.TO
BLCK.TO
First Trust Indxx Innovative Transaction and Proce...0.180.250.30
68
BlockchainFHG.TO vs BLCK.TO
FINT.TO
First Trust International Capital Strength ETF0.230.300.34
55
International EquityFHG.TO vs FINT.TO
DXN.TO
Dynamic Active Global Infrastructure ETF0.230.260.29
69
Industrials EquitiesFHG.TO vs DXN.TO
ETP.TO
First Trust Global Risk Managed Income Index ETF0.230.260.29
92
Global Equity IncomeFHG.TO vs ETP.TO
See all 8 diversifiers for FHG.TO

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Diversification Analysis

Build a portfolio that complements FHG.TO

Add FHG.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with FHG.TO