Looking to diversify beyond DCS.TO? The ETFs below have the lowest correlation with DCS.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 DCS.TO.
Best Diversifiers for DCS.TO
9 ETFs have low correlation with DCS.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Desjardins Canadian Preferred Share Index ETF (DCP.TO) (Preferred Stock/Convertible Bonds) with a 1Y correlation of 0.00, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Desjardins Canadian Preferred Share Index ETF | 0.00 | 0.02 | 0.03 | 91 | Preferred Stock/Convertible Bonds | DCS.TO vs DCP.TO | |
| Desjardins RI USA Multifactor - Net-Zero Emissions... | 0.07 | 0.06 | 0.07 | 89 | Large Cap Blend Equities, Sustainable, Multi-factor | DCS.TO vs DRFU.TO | |
| TD Select U.S. Short Term Corporate Bond Ladder ET... | 0.07 | 0.12 | 0.17 | 50 | Short-Term Bond, Corporate Bonds | DCS.TO vs TUSB.TO | |
| RBC Canadian Discount Bond ETF | 0.22 | 0.30 | 0.31 | 56 | Short-Term Bond | DCS.TO vs RCDB.NEO | |
| Mackenzie Canadian Short Term Fixed Income ETF | 0.22 | 0.30 | 0.35 | 53 | Short-Term Bond | DCS.TO vs MCSB.TO |
See all 18 diversifiers for DCS.TO
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