Looking to balance out your exposure to FTS-PH.TO? The ETFs below have historically moved differently from FTS-PH.TO, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for FTS-PH.TO
8 ETFs have low correlation with FTS-PH.TO (below 0.3), 0 of which are negatively correlated. The least correlated is BMO Low Volatility Canadian Equity ETF (ZLB.TO) (Canada Equities) with a 1Y correlation of 0.02, down from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BMO Low Volatility Canadian Equity ETF | 0.02 | 0.08 | 0.13 | 56 | Canada Equities, Low Volatility | FTS-PH.TO vs ZLB.TO | |
| Hamilton Enhanced Canadian Covered Call ETF | 0.03 | 0.09 | 0.15 | 95 | Derivative Income | FTS-PH.TO vs HDIV.TO | |
| Global X All-Equity Asset Allocation Covered Call ... | 0.03 | — | — | 76 | Derivative Income | FTS-PH.TO vs EQCC.TO | |
| RBC Canadian Dividend Covered Call ETF | 0.05 | 0.11 | — | 97 | Derivative Income | FTS-PH.TO vs RCDC.TO | |
| Purpose Enhanced Dividend Fund ETF | 0.06 | 0.09 | 0.13 | 94 | Dividend | FTS-PH.TO vs PDIV.TO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FTS-PH.TO, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Loblaw Companies Limited (L.TO) (Consumer Defensive) with a 1Y correlation of -0.06, roughly unchanged from 0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Loblaw Companies Limited | -0.06 | -0.02 | 0.00 | 68 | Consumer Defensive |
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