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Franklin International Low Volatility High Dividend Index ETF (FLVI.NEO) Diversifiers

ETF · Currency in CAD · Last updated Jun 5, 2026

The Franklin International Low Volatility High Dividend Index ETF seeks to track the Franklin International ex North America Low Volatility High Dividend Index, providing exposure to international developed market equities with low volatility and high dividend characteristics.

Looking to diversify beyond FLVI.NEO? The ETFs below have the lowest correlation with FLVI.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 FLVI.NEO.

Best Diversifiers for FLVI.NEO

3 ETFs have low correlation with FLVI.NEO (below 0.3), 0 of which are negatively correlated.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
CASH.TO
Global X High Interest Savings ETF0.03——
100
Money MarketFLVI.NEO vs CASH.TO
GRO.TO
Franklin Growth ETF Portfolio0.05——
92
Diversified PortfolioFLVI.NEO vs GRO.TO
QDXH.TO
Mackenzie International Equity Index ETF (CAD-Hedg...0.26——
67
International EquityFLVI.NEO vs QDXH.TO
XDIV.TO
iShares Core MSCI Canadian Quality Dividend Index ...0.34——
98
Dividend, Large Cap Value EquitiesFLVI.NEO vs XDIV.TO
XEI.TO
iShares S&P/TSX Composite High Dividend Index ETF0.36——
98
Canada EquitiesFLVI.NEO vs XEI.TO
See all 24 diversifiers for FLVI.NEO

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from FLVI.NEO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FLVI.NEO and solid risk/return profiles.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
CNQ.TO
Canadian Natural Resources Limited-0.05——
88
Energy
L.TO
Loblaw Companies Limited0.13——
59
Consumer Defensive
FTS.TO
Fortis Inc.0.15——
82
Utilities
CCO.TO
Cameco Corporation0.17——
84
Energy
EXE.TO
Extendicare Inc.0.18——
97
Healthcare
See all 7 low-correlation stocks for FLVI.NEO

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Diversification Analysis

Build a portfolio that complements FLVI.NEO

Add FLVI.NEO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with FLVI.NEO