Looking to diversify beyond BTCY.TO? The ETFs below have the lowest correlation with BTCY.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 BTCY.TO.
Best Diversifiers for BTCY.TO
6 ETFs have low correlation with BTCY.TO (below 0.3), 1 of which are negatively correlated. The least correlated is Purpose Cash Management Fund (MNY.TO) (Money Market) with a 1Y correlation of -0.03, roughly unchanged from 0.04 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Purpose Cash Management Fund | -0.03 | 0.04 | — | 100 | Money Market | BTCY.TO vs MNY.TO | |
| Purpose High Interest Savings Fund | 0.01 | 0.02 | — | 100 | Money Market | BTCY.TO vs PSA.TO | |
| Purpose USD Cash Management ETF | 0.02 | 0.02 | — | 99 | Ultrashort Bond, Money Market | BTCY.TO vs MNU-U.TO | |
| Purpose US Cash Fund | 0.06 | 0.03 | — | 99 | Money Market | BTCY.TO vs PSU-U.TO | |
| Purpose Multi-Strategy Market Neutral Fund | 0.16 | 0.10 | — | 64 | Long-Short | BTCY.TO vs PMM.TO |
See all 9 diversifiers for BTCY.TO
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