Looking to diversify beyond BPRF.TO? The ETFs below have the lowest correlation with BPRF.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 BPRF.TO.
Best Diversifiers for BPRF.TO
17 ETFs have low correlation with BPRF.TO (below 0.3), 1 of which are negatively correlated. The least correlated is Lysander-Slater Preferred Share ActivETF (PR.TO) (Preferred Stock/Convertible Bonds) with a 1Y correlation of -0.03, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Lysander-Slater Preferred Share ActivETF | -0.03 | 0.09 | 0.11 | 92 | Preferred Stock/Convertible Bonds | BPRF.TO vs PR.TO | |
| CI Preferred Share ETF | 0.03 | 0.01 | 0.03 | 90 | Preferred Stock/Convertible Bonds | BPRF.TO vs FPR.TO | |
| Brompton North American Low Volatility Dividend ET... | 0.05 | 0.10 | 0.09 | 87 | Dividend | BPRF.TO vs BLOV.TO | |
| RBC Canadian Preferred Share ETF | 0.07 | 0.08 | 0.14 | 97 | Preferred Stock/Convertible Bonds | BPRF.TO vs RPF.TO | |
| Brompton Split Corp. Preferred Share ETF | 0.07 | 0.14 | — | 65 | Preferred Stock/Convertible Bonds | BPRF.TO vs SPLT.TO |
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