Looking to diversify beyond FHI.TO? The ETFs below have the lowest correlation with FHI.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 FHI.TO.
Best Diversifiers for FHI.TO
7 ETFs have low correlation with FHI.TO (below 0.3), 1 of which are negatively correlated. The least correlated is CI Tech Giants Covered Call Common (TXF.TO) (Technology Equities) with a 1Y correlation of -0.05, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| CI Tech Giants Covered Call Common | -0.05 | 0.03 | 0.18 | 78 | Technology Equities, Derivative Income | FHI.TO vs TXF.TO | |
| Dynamic Active Enhanced Yield Covered Options ETF | 0.09 | 0.15 | — | 67 | Derivative Income | FHI.TO vs DXQ.TO | |
| Global X Enhanced MSCI Emerging Markets Covered Ca... | 0.10 | — | — | 83 | Derivative Income | FHI.TO vs EMCL.NEO | |
| BMO Covered Call Canadian Banks ETF | 0.25 | 0.28 | 0.33 | 97 | Financials Equities, Derivative Income, Options Trading | FHI.TO vs ZWB.TO | |
| CI Canadian Banks Covered Call Income Class ETF | 0.26 | 0.28 | 0.33 | 97 | Financials Equities | FHI.TO vs CIC.TO |
See all 8 diversifiers for FHI.TO
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