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.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Enhanced NASDAQ-100 Covered Call ETF | 0.43 | — | — | 76 | Nasdaq-100, Derivative Income | FTN.TO vs QQCL.TO | |
| BMO CA High Dividend Covered Call ETF | 0.44 | 0.54 | 0.58 | 93 | Derivative Income | FTN.TO vs ZWC.TO | |
| Global X Enhanced S&P 500 Covered Call ETF | 0.46 | — | — | 76 | Derivative Income, S&P 500 | FTN.TO vs USCL.TO | |
| Hamilton Enhanced U.S. Covered Call ETF | 0.47 | 0.49 | — | 64 | Derivative Income | FTN.TO vs HYLD.TO | |
| iShares Core S&P/TSX Capped Composite Index ETF | 0.49 | 0.56 | 0.60 | 81 | 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 Aecon Group Inc. (ARE.TO) (Industrials) with a 1Y correlation of 0.21, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Aecon Group Inc. | 0.21 | 0.24 | 0.31 | 94 | Industrials | |
| IAMGOLD Corporation | 0.24 | 0.14 | 0.14 | 84 | Basic Materials | |
| Dividend 15 Split Corp. | 0.51 | 0.57 | 0.59 | 97 | Financial Services |
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