Looking to balance out your exposure to FUU.V? The ETFs below have the lowest correlation with FUU.V — they tend to move on their own, which can help reduce risk when FUU.V drops. The stock ideas table highlights individual companies that behave independently from FUU.V.
Best Diversifiers for FUU.V
2 ETFs have low correlation with FUU.V (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Core Equity ETF Portfolio (XEQT.TO) (Global Equities) with a 1Y correlation of 0.25, roughly unchanged from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core Equity ETF Portfolio | 0.25 | 0.22 | 0.25 | 80 | Global Equities | FUU.V vs XEQT.TO | |
| Vanguard FTSE Canadian High Dividend Yield Index E... | 0.27 | 0.20 | 0.22 | 98 | Dividend | FUU.V vs VDY.TO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FUU.V, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FUU.V and solid risk/return profiles. The least correlated is Power Corporation of Canada (POW.TO) (Financial Services) with a 1Y correlation of 0.12, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Power Corporation of Canada | 0.12 | 0.05 | 0.10 | 94 | Financial Services | |
| Cameco Corporation | 0.39 | 0.39 | 0.41 | 84 | Energy |
Build a portfolio that complements FUU.V
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