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Franklin Canadian Corporate Bond Fund ETF (FLCI.TO) Diversifiers

ETF · Currency in CAD · Last updated Jun 17, 2026

Franklin Canadian Corporate Bond Fund (ETF Series) is an actively managed fixed income fund that invests primarily in investment-grade corporate bonds, debentures, notes, and asset- and mortgage-backed securities of Canadian corporate issuers. Managed by Franklin Bissett Investment Management, it aims to provide income and capital preservation while managing credit and interest-rate risk across the maturity spectrum. It trades on the Toronto Stock Exchange and distributes income monthly.

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

Best Diversifiers for FLCI.TO

2 ETFs have low correlation with FLCI.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Canadian Short Term Corporate Bond ETF (FCSB.NEO) (Corporate Bonds) with a 1Y correlation of 0.15, roughly unchanged from 0.23 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
FCSB.NEO
Fidelity Canadian Short Term Corporate Bond ETF0.150.190.23
50
Corporate BondsFLCI.TO vs FCSB.NEO
FLUS.TO
Franklin U.S. Large Cap Multifactor Index ETF0.240.170.10
65
Large Cap Blend EquitiesFLCI.TO vs FLUS.TO
ZBBB.TO
BMO BBB Corporate Bond Index ETF0.410.370.28
55
Corporate BondsFLCI.TO vs ZBBB.TO
XHB.TO
iShares Canadian HYBrid Corporate Bond Index ETF0.500.360.37
57
Corporate BondsFLCI.TO vs XHB.TO

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Diversification Analysis

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