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First Trust AlphaDEX U.S. Health Care Sector Index ETF (FHH.TO) Diversifiers

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

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

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

Best Diversifiers for FHH.TO

3 ETFs have low correlation with FHH.TO (below 0.3), 0 of which are negatively correlated. The least correlated is First Trust Canadian Capital Strength ETF (FST.TO) (Canada Equities) with a 1Y correlation of 0.13, roughly unchanged from 0.18 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
FST.TO
First Trust Canadian Capital Strength ETF0.130.120.18
84
Canada EquitiesFHH.TO vs FST.TO
ETP.TO
First Trust Global Risk Managed Income Index ETF0.270.290.31
92
Global Equity IncomeFHH.TO vs ETP.TO
FINT.TO
First Trust International Capital Strength ETF0.290.370.37
55
International EquityFHH.TO vs FINT.TO
BLCK.TO
First Trust Indxx Innovative Transaction and Proce...0.380.410.41
68
BlockchainFHH.TO vs BLCK.TO
XDNA.TO
iShares Genomics Immunology and Healthcare Index E...0.420.42—
89
Health & Biotech EquitiesFHH.TO vs XDNA.TO

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Diversification Analysis

Build a portfolio that complements FHH.TO

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

Analyze a portfolio with FHH.TO