Looking to balance out your exposure to FTS-PH.TO? The ETFs below have the lowest correlation with FTS-PH.TO — they tend to move on their own, which can help reduce risk when FTS-PH.TO drops. The stock ideas table highlights individual companies that behave independently from FTS-PH.TO.
Best Diversifiers for FTS-PH.TO
1 ETFs have low correlation with FTS-PH.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Hamilton Enhanced U.S. Covered Call ETF (HYLD.TO) (Derivative Income) with a 1Y correlation of 0.09, roughly unchanged from 0.10 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hamilton Enhanced U.S. Covered Call ETF | 0.09 | 0.10 | — | 75 | Derivative Income | FTS-PH.TO vs HYLD.TO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FTS-PH.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FTS-PH.TO and solid risk/return profiles. The least correlated is Loblaw Companies Limited (L.TO) (Consumer Defensive) with a 1Y correlation of -0.09, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Loblaw Companies Limited | -0.09 | -0.02 | 0.01 | 54 | Consumer Defensive |
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