Looking to diversify beyond FXM.TO? The ETFs below have the lowest correlation with FXM.TO — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from FXM.TO.
Best Diversifiers for FXM.TO
6 ETFs have low correlation with FXM.TO (below 0.3), 0 of which are negatively correlated. The least correlated is CI High Interest Savings ETF (CSAV.TO) (Money Market) with a 1Y correlation of 0.07, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| CI High Interest Savings ETF | 0.07 | 0.03 | 0.03 | 100 | Money Market | FXM.TO vs CSAV.TO | |
| CI Global Artificial Intelligence ETF | 0.23 | — | — | 69 | Technology Equities | FXM.TO vs CIAI.TO | |
| iShares MSCI USA Momentum Factor Index ETF | 0.25 | 0.29 | 0.28 | 65 | Momentum, Large Cap Blend Equities | FXM.TO vs XMTM.TO | |
| iShares S&P/TSX Capped Energy Index ETF | 0.25 | 0.41 | 0.54 | 86 | Energy Equities | FXM.TO vs XEG.TO | |
| BMO Covered Call Utilities ETF | 0.26 | 0.38 | 0.43 | 58 | Utilities Equities, Derivative Income | FXM.TO vs ZWU.TO |
See all 59 diversifiers for FXM.TO
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