Looking to diversify beyond FINN.NEO? The ETFs below have the lowest correlation with FINN.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 FINN.NEO.
Best Diversifiers for FINN.NEO
9 ETFs have low correlation with FINN.NEO (below 0.3), 0 of which are negatively correlated. The least correlated is iShares S&P/TSX Composite High Dividend Index ETF (XEI.TO) (Canada Equities) with a 1Y correlation of 0.08, down from 0.23 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P/TSX Composite High Dividend Index ETF | 0.08 | 0.23 | — | 98 | Canada Equities | FINN.NEO vs XEI.TO | |
| Global X Innovative Bluechip Top 10 Index ETF | 0.09 | — | — | 77 | Global Equities | FINN.NEO vs TTTX.TO | |
| Global X Artificial Intelligence Semiconductor Ind... | 0.19 | 0.19 | — | 94 | Semiconductors, Technology Equities | FINN.NEO vs CHPS-U.TO | |
| iShares Core MSCI Global Quality Dividend Index ET... | 0.23 | 0.29 | — | 54 | Global Equities | FINN.NEO vs XDG.TO | |
| Vanguard FTSE Canadian High Dividend Yield Index E... | 0.23 | 0.30 | — | 98 | Dividend | FINN.NEO vs VDY.TO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FINN.NEO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FINN.NEO and solid risk/return profiles. The least correlated is Kraken Robotics Inc (PNG.V) (Technology) with a 1Y correlation of 0.32, roughly unchanged from 0.23 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Kraken Robotics Inc | 0.32 | 0.23 | — | 92 | Technology |
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