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
10 ETFs have low correlation with FINN.NEO (below 0.3), 1 of which are negatively correlated. The least correlated is Hamilton Utilities YIELD MAXIMIZER ETF (UMAX.TO) (Derivative Income) with a 1Y correlation of -0.14, down from 0.07 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hamilton Utilities YIELD MAXIMIZER ETF | -0.14 | 0.07 | — | 78 | Derivative Income, Utilities Equities | FINN.NEO vs UMAX.TO | |
| iShares S&P/TSX Composite High Dividend Index ETF | 0.10 | 0.22 | — | 97 | Canada Equities | FINN.NEO vs XEI.TO | |
| Global X Innovative Bluechip Top 10 Index ETF | 0.13 | — | — | 67 | Global Equities | FINN.NEO vs TTTX.TO | |
| Fidelity Canadian Short Term Corporate Bond ETF | 0.14 | 0.07 | 0.07 | 51 | Corporate Bonds | FINN.NEO vs FCSB.NEO | |
| iShares Core MSCI Global Quality Dividend Index ET... | 0.17 | 0.25 | — | 65 | Global Equities | FINN.NEO vs XDG.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 Hydro One Limited (H.TO) (Utilities) with a 1Y correlation of -0.28, down from -0.02 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Hydro One Limited | -0.28 | -0.02 | — | 82 | Utilities | |
| Loblaw Companies Limited | -0.16 | 0.03 | — | 64 | Consumer Defensive | |
| Extendicare Inc. | 0.12 | 0.13 | — | 99 | Healthcare | |
| Kraken Robotics Inc | 0.31 | 0.22 | 0.21 | 88 | Technology |
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