Looking to balance out your exposure to FM.TO? The ETFs below have the lowest correlation with FM.TO — they tend to move on their own, which can help reduce risk when FM.TO drops. The stock ideas table highlights individual companies that behave independently from FM.TO.
No Diversifiers Found for FM.TO
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FM.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FM.TO and solid risk/return profiles. The least correlated is Hydro One Limited (H.TO) (Utilities) with a 1Y correlation of -0.12, down from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Hydro One Limited | -0.12 | 0.03 | -0.02 | 74 | Utilities | |
| Great-West Lifeco Inc. | 0.01 | 0.09 | 0.20 | 95 | Financial Services | |
| Power Corporation of Canada | 0.18 | 0.15 | 0.23 | 94 | Financial Services | |
| National Bank of Canada | 0.35 | 0.29 | 0.31 | 96 | Financial Services | |
| Dundee Precious Metals Inc. | 0.41 | 0.31 | 0.32 | 89 | Basic Materials |
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