Looking to diversify beyond FST.TO? The ETFs below have the lowest correlation with FST.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 FST.TO.
Best Diversifiers for FST.TO
2 ETFs have low correlation with FST.TO (below 0.3), 0 of which are negatively correlated. The least correlated is First Trust Indxx Innovative Transaction and Process ETF (BLCK.TO) (Blockchain) with a 1Y correlation of 0.05, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust Indxx Innovative Transaction and Proce... | 0.05 | 0.11 | 0.23 | 77 | Blockchain | FST.TO vs BLCK.TO | |
| Global X Canadian High Dividend Index Corporate Cl... | 0.27 | 0.43 | 0.41 | 98 | Canada Equities | FST.TO vs HXH.TO | |
| iShares S&P/TSX Composite High Dividend Index ETF | 0.34 | 0.52 | 0.48 | 98 | Canada Equities | FST.TO vs XEI.TO | |
| Invesco S&P/TSX Composite Low Volatility Index ETF | 0.36 | 0.43 | 0.42 | 94 | Canada Equities | FST.TO vs TLV.TO | |
| iShares Canadian Value Index ETF | 0.52 | 0.60 | 0.52 | 97 | Canada Equities | FST.TO vs XCV.TO |
See all 18 diversifiers for FST.TO
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