Looking to balance out your exposure to FTT.TO? The ETFs below have the lowest correlation with FTT.TO — they tend to move on their own, which can help reduce risk when FTT.TO drops. The stock ideas table highlights individual companies that behave independently from FTT.TO.
No Diversifiers Found for FTT.TO
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FTT.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FTT.TO and solid risk/return profiles. The least correlated is Great-West Lifeco Inc. (GWO.TO) (Financial Services) with a 1Y correlation of -0.07, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Great-West Lifeco Inc. | -0.07 | 0.07 | 0.19 | 95 | Financial Services | |
| Power Corporation of Canada | -0.00 | 0.14 | 0.25 | 94 | Financial Services | |
| Tamarack Valley Energy Ltd. | 0.00 | 0.20 | 0.26 | 99 | Energy | |
| Paramount Resources Ltd. | 0.04 | 0.21 | 0.28 | 85 | Energy | |
| Granite Real Estate Investment Trust | 0.07 | 0.27 | 0.27 | 85 | Real Estate |
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