Looking to balance out your exposure to FSZ.TO? The ETFs below have the lowest correlation with FSZ.TO — they tend to move on their own, which can help reduce risk when FSZ.TO drops. The stock ideas table highlights individual companies that behave independently from FSZ.TO.
Best Diversifiers for FSZ.TO
1 ETFs have low correlation with FSZ.TO (below 0.3), 0 of which are negatively correlated. The least correlated is iShares S&P/TSX Composite High Dividend Index ETF (XEI.TO) (Canada Equities) with a 1Y correlation of 0.15, down from 0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P/TSX Composite High Dividend Index ETF | 0.15 | 0.38 | 0.43 | 98 | Canada Equities | FSZ.TO vs XEI.TO | |
| Vanguard S&P 500 Index ETF | 0.31 | 0.35 | 0.38 | 74 | S&P 500 | FSZ.TO vs VFV.TO | |
| CI Tech Giants Covered Call Common | 0.31 | 0.34 | 0.40 | 85 | Technology Equities, Derivative Income | FSZ.TO vs TXF.TO | |
| iShares Canadian Financial Monthly Income ETF | 0.43 | 0.50 | 0.53 | 93 | Canada Equities | FSZ.TO vs FIE.TO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FSZ.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FSZ.TO and solid risk/return profiles. The least correlated is SmartCentres Real Estate Investment Trust (SRU-UN.TO) (Real Estate) with a 1Y correlation of 0.22, down from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| SmartCentres Real Estate Investment Trust | 0.22 | 0.30 | 0.36 | 82 | Real Estate |
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