Looking to diversify beyond FLUR.NEO? The ETFs below have the lowest correlation with FLUR.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 FLUR.NEO.
Best Diversifiers for FLUR.NEO
1 ETFs have low correlation with FLUR.NEO (below 0.3), 0 of which are negatively correlated. The least correlated is Franklin Growth ETF Portfolio (GRO.TO) (Diversified Portfolio) with a 1Y correlation of 0.14, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin Growth ETF Portfolio | 0.14 | 0.12 | 0.12 | 93 | Diversified Portfolio | FLUR.NEO vs GRO.TO | |
| CI Morningstar International Momentum Index ETF Co... | 0.41 | 0.33 | 0.35 | 83 | Momentum, Foreign Large Cap Equities | FLUR.NEO vs ZXM.TO | |
| Vanguard FTSE Canadian High Dividend Yield Index E... | 0.44 | 0.51 | 0.45 | 98 | Dividend | FLUR.NEO vs VDY.TO | |
| RBC Quant EAFE Dividend Leaders (CAD Hedged) ETF | 0.57 | 0.47 | 0.40 | 92 | Foreign Large Cap Equities | FLUR.NEO vs RIDH.TO | |
| Vanguard FTSE Global All Cap ex Canada Index ETF | 0.72 | 0.74 | 0.64 | 80 | Global Equities | FLUR.NEO vs VXC.TO |
See all 11 diversifiers for FLUR.NEO
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