Looking to diversify beyond DCP.TO? The ETFs below have the lowest correlation with DCP.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 DCP.TO.
Best Diversifiers for DCP.TO
18 ETFs have low correlation with DCP.TO (below 0.3), 1 of which are negatively correlated. The least correlated is Desjardins RI USA Multifactor - Net-Zero Emissions Pathway ETF (DRFU.TO) (Large Cap Blend Equities) with a 1Y correlation of -0.01, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Desjardins RI USA Multifactor - Net-Zero Emissions... | -0.01 | -0.01 | 0.02 | 89 | Large Cap Blend Equities, Sustainable, Multi-factor | DCP.TO vs DRFU.TO | |
| Desjardins Canadian Short Term Bond Index ETF | 0.00 | 0.02 | 0.03 | 63 | Short-Term Bond | DCP.TO vs DCS.TO | |
| Quadravest Preferred Split Share ETF | 0.01 | — | — | 64 | Preferred Stock/Convertible Bonds | DCP.TO vs PREF.TO | |
| Brompton Split Corp. Preferred Share ETF | 0.01 | 0.04 | — | 65 | Preferred Stock/Convertible Bonds | DCP.TO vs SPLT.TO | |
| Global X Active Hybrid Bond and Preferred Share ET... | 0.01 | 0.15 | 0.22 | 92 | Preferred Stock/Convertible Bonds | DCP.TO vs HYBR.TO |
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