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
8 ETFs have low correlation with FTS-PH.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Hamilton Enhanced Canadian Covered Call ETF (HDIV.TO) (Derivative Income) with a 1Y correlation of 0.02, roughly unchanged from 0.09 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hamilton Enhanced Canadian Covered Call ETF | 0.02 | 0.09 | — | 95 | Derivative Income | FTS-PH.TO vs HDIV.TO | |
| BMO Low Volatility Canadian Equity ETF | 0.02 | 0.08 | 0.13 | 54 | Canada Equities | FTS-PH.TO vs ZLB.TO | |
| Global X All-Equity Asset Allocation Covered Call ... | 0.03 | — | — | 83 | Derivative Income | FTS-PH.TO vs EQCC.TO | |
| RBC Canadian Dividend Covered Call ETF | 0.06 | 0.11 | — | 96 | Derivative Income | FTS-PH.TO vs RCDC.TO | |
| Purpose Enhanced Dividend Fund ETF | 0.06 | 0.09 | 0.13 | 92 | Dividend | FTS-PH.TO vs PDIV.TO |
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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 -0.07, roughly unchanged from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Loblaw Companies Limited | -0.07 | -0.02 | 0.00 | 69 | Consumer Defensive |
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