Looking to diversify beyond FIG.TO? The ETFs below have the lowest correlation with FIG.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 FIG.TO.
Best Diversifiers for FIG.TO
15 ETFs have low correlation with FIG.TO (below 0.3), 5 of which are negatively correlated. The least correlated is CI Energy Giants Covered Call ETF Common Units (CAD Hedged) (NXF.TO) (Energy Equities) with a 1Y correlation of -0.20, down from -0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| CI Energy Giants Covered Call ETF Common Units (CA... | -0.20 | -0.09 | -0.09 | 68 | Energy Equities, Derivative Income, Options Trading, Actively Managed | FIG.TO vs NXF.TO | |
| CI Auspice Broad Commodity Fund ETF Hedged Units | -0.17 | -0.07 | — | 82 | Commodities | FIG.TO vs CCOM.TO | |
| CIBC Active Investment Grade Floating Rate Bond ET... | -0.06 | 0.01 | 0.01 | 94 | Corporate Bonds, Investment Grade Bonds | FIG.TO vs CFRN.TO | |
| Mackenzie Floating Rate Income ETF | -0.04 | -0.01 | 0.04 | 55 | Corporate Bonds | FIG.TO vs MFT.TO | |
| CI Global Core Plus Equity ETF | -0.04 | 0.05 | 0.05 | 92 | Global Equities, Actively Managed | FIG.TO vs ONEQ.TO |
See all 22 diversifiers for FIG.TO
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Diversification Analysis
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