Looking to balance out your exposure to DCM.TO? The ETFs below have the lowest correlation with DCM.TO — they tend to move on their own, which can help reduce risk when DCM.TO drops. The stock ideas table highlights individual companies that behave independently from DCM.TO.
Best Diversifiers for DCM.TO
12 ETFs have low correlation with DCM.TO (below 0.3), 2 of which are negatively correlated. The least correlated is Global X 0-3 Month T-Bill ETF (CBIL.TO) (Canadian Government Bonds) with a 1Y correlation of -0.06, down from 0.06 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X 0-3 Month T-Bill ETF | -0.06 | 0.06 | — | 99 | Canadian Government Bonds | DCM.TO vs CBIL.TO | |
| Vanguard FTSE Developed All Cap ex North America I... | -0.02 | 0.13 | 0.13 | 62 | International Equity | DCM.TO vs VIU.TO | |
| iShares Core Growth ETF Portfolio | 0.01 | 0.13 | 0.14 | 67 | Diversified Portfolio | DCM.TO vs XGRO.TO | |
| Vanguard FTSE Emerging Markets All Cap Index ETF | 0.03 | 0.10 | 0.09 | 60 | Emerging Markets Equities | DCM.TO vs VEE.TO | |
| Purpose High Interest Savings Fund | 0.04 | 0.07 | 0.05 | 100 | Money Market | DCM.TO vs PSA.TO |
See all 12 diversifiers for DCM.TO
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