Looking to diversify beyond BRKY.NEO? The ETFs below have the lowest correlation with BRKY.NEO — 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 BRKY.NEO.
Best Diversifiers for BRKY.NEO
35 ETFs have low correlation with BRKY.NEO (below 0.3), 3 of which are negatively correlated. The least correlated is Invesco NASDAQ 100 Index ETF CAD Hedged (QQC-F.TO) (Nasdaq-100) with a 1Y correlation of -0.09, down from 0.14 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco NASDAQ 100 Index ETF CAD Hedged | -0.09 | 0.14 | — | 51 | Nasdaq-100 | BRKY.NEO vs QQC-F.TO | |
| iShares MSCI USA Momentum Factor Index ETF | -0.08 | 0.10 | — | 53 | Momentum, Large Cap Blend Equities | BRKY.NEO vs XMTM.TO | |
| BMO Laddered Preferred Share Index ETF | -0.01 | 0.10 | — | 97 | Preferred Stock/Convertible Bonds | BRKY.NEO vs ZPR.TO | |
| iShares Core S&P U.S. Total Market Index ETF | 0.02 | 0.09 | — | 70 | Large Cap Blend Equities | BRKY.NEO vs XUU-U.TO | |
| iShares S&P/TSX Canadian Preferred Share Index ETF | 0.03 | 0.13 | — | 94 | Preferred Stock/Convertible Bonds | BRKY.NEO vs CPD.TO |
See all 35 diversifiers for BRKY.NEO
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