Looking to balance out your exposure to FTN.TO? The ETFs below have the lowest correlation with FTN.TO — they tend to move on their own, which can help reduce risk when FTN.TO drops. The stock ideas table highlights individual companies that behave independently from FTN.TO.
Best Diversifiers for FTN.TO
0 ETFs have low correlation with FTN.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Harvest Tech Achievers Enhanced Income ETF - Class A Units (HTAE.TO) (Technology Equities) with a 1Y correlation of 0.41, roughly unchanged from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Harvest Tech Achievers Enhanced Income ETF - Class... | 0.41 | 0.39 | 0.38 | 66 | Technology Equities | FTN.TO vs HTAE.TO | |
| BMO CA High Dividend Covered Call ETF | 0.43 | 0.53 | 0.58 | 92 | Derivative Income | FTN.TO vs ZWC.TO | |
| Global X Enhanced NASDAQ-100 Covered Call ETF | 0.47 | 0.38 | 0.38 | 81 | Nasdaq-100, Derivative Income | FTN.TO vs QQCL.TO | |
| Global X Enhanced S&P 500 Covered Call ETF | 0.48 | — | — | 75 | Derivative Income, S&P 500 | FTN.TO vs USCL.TO | |
| iShares Core S&P/TSX Capped Composite Index ETF | 0.49 | 0.56 | 0.60 | 80 | Canada Equities | FTN.TO vs XIC.TO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FTN.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FTN.TO and solid risk/return profiles. The least correlated is IAMGOLD Corporation (IMG.TO) (Basic Materials) with a 1Y correlation of 0.20, roughly unchanged from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| IAMGOLD Corporation | 0.20 | 0.14 | 0.15 | 85 | Basic Materials | |
| Aecon Group Inc. | 0.24 | 0.24 | 0.32 | 95 | Industrials | |
| Dividend 15 Split Corp. | 0.54 | 0.57 | 0.59 | 96 | Financial Services |
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