Looking to balance out your exposure to FTG.TO? The ETFs below have the lowest correlation with FTG.TO — they tend to move on their own, which can help reduce risk when FTG.TO drops. The stock ideas table highlights individual companies that behave independently from FTG.TO.
Best Diversifiers for FTG.TO
1 ETFs have low correlation with FTG.TO (below 0.3), 1 of which are negatively correlated. The least correlated is BMO Equal Weight Oil & Gas Index ETF (ZEO.TO) (Energy Equities) with a 1Y correlation of -0.06, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BMO Equal Weight Oil & Gas Index ETF | -0.06 | 0.06 | 0.09 | 86 | Energy Equities | FTG.TO vs ZEO.TO | |
| iShares Core MSCI Emerging Markets IMI Index ETF | 0.37 | 0.21 | 0.19 | 86 | Emerging Markets Equities | FTG.TO vs XEC.TO | |
| iShares Core Equity ETF Portfolio | 0.38 | 0.25 | 0.24 | 75 | Global Equities | FTG.TO vs XEQT.TO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FTG.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FTG.TO and solid risk/return profiles. The least correlated is Power Corporation of Canada (POW.TO) (Financial Services) with a 1Y correlation of -0.06, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Power Corporation of Canada | -0.06 | 0.09 | 0.12 | 94 | Financial Services | |
| Northern Dynasty Minerals Ltd. | 0.15 | 0.10 | 0.09 | 66 | Basic Materials | |
| Bombardier Inc | 0.21 | 0.15 | 0.15 | 98 | Industrials | |
| MDA Space Ltd. | 0.27 | 0.17 | 0.16 | 75 | Industrials | |
| Magellan Aerospace Corporation | 0.35 | 0.20 | 0.20 | 85 | Industrials |
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