Looking to balance out your exposure to FTS.TO? The ETFs below have the lowest correlation with FTS.TO — they tend to move on their own, which can help reduce risk when FTS.TO drops. The stock ideas table highlights individual companies that behave independently from FTS.TO.
Best Diversifiers for FTS.TO
31 ETFs have low correlation with FTS.TO (below 0.3), 18 of which are negatively correlated. The least correlated is Invesco NASDAQ 100 Index ETF CAD Hedged (QQC.TO) (Nasdaq-100) with a 1Y correlation of -0.34, down from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco NASDAQ 100 Index ETF CAD Hedged | -0.34 | -0.13 | -0.05 | 59 | Nasdaq-100 | FTS.TO vs QQC.TO | |
| iShares Core S&P 500 Index ETF (CAD-Hedged) | -0.29 | -0.02 | 0.04 | 52 | S&P 500 | FTS.TO vs XSP.TO | |
| Vanguard S&P 500 Index ETF | -0.24 | -0.03 | 0.04 | 74 | S&P 500 | FTS.TO vs VFV.TO | |
| Global X S&P 500 Index Corporate Class ETF | -0.23 | -0.03 | 0.04 | 71 | S&P 500 | FTS.TO vs HXS.TO | |
| iShares Core MSCI All Country World ex Canada Inde... | -0.19 | 0.03 | 0.07 | 77 | Global Equities | FTS.TO vs XAW.TO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FTS.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FTS.TO and solid risk/return profiles. The least correlated is Cameco Corporation (CCO.TO) (Energy) with a 1Y correlation of -0.22, down from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cameco Corporation | -0.22 | -0.06 | -0.04 | 52 | Energy | |
| Brookfield Renewable Partners L.P | -0.20 | 0.15 | 0.17 | 73 | Utilities | |
| Capital Power Corporation | -0.19 | 0.12 | 0.23 | 67 | Utilities | |
| TransAlta Corporation | -0.16 | 0.06 | 0.15 | 57 | Utilities | |
| Teck Resources Limited | -0.15 | -0.03 | -0.03 | 76 | Basic Materials |
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