Looking to diversify beyond FPR.TO? The ETFs below have historically moved differently from FPR.TO, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for FPR.TO
19 ETFs have low correlation with FPR.TO (below 0.3), 5 of which are negatively correlated. The least correlated is Brompton Split Corp. Preferred Share ETF (SPLT.TO) (Preferred Stock) with a 1Y correlation of -0.06, down from 0.06 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Brompton Split Corp. Preferred Share ETF | -0.06 | 0.06 | — | 72 | Preferred Stock | FPR.TO vs SPLT.TO | |
| CI Energy Giants Covered Call ETF Common Units (CA... | -0.05 | -0.01 | 0.03 | 66 | Energy Equities, Derivative Income, Options Trading, Actively Managed | FPR.TO vs NXF.TO | |
| Quadravest Preferred Split Share ETF | -0.04 | — | — | 67 | Preferred Stock | FPR.TO vs PREF.TO | |
| CI Money Market ETF CAD Series | -0.03 | — | — | 99 | Money Market | FPR.TO vs CMNY.TO | |
| CI Morningstar International Value Index ETF (Unhe... | -0.01 | 0.12 | 0.12 | 87 | Foreign Small & Mid Cap Equities | FPR.TO vs VXM-B.TO |
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