Looking to balance out your exposure to DF.TO? The ETFs below have the lowest correlation with DF.TO — they tend to move on their own, which can help reduce risk when DF.TO drops. The stock ideas table highlights individual companies that behave independently from DF.TO.
Best Diversifiers for DF.TO
0 ETFs have low correlation with DF.TO (below 0.3), 0 of which are negatively correlated. The least correlated is BMO MSCI Emerging Markets Index ETF (ZEM.TO) (Emerging Markets Equities) with a 1Y correlation of 0.41, roughly unchanged from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BMO MSCI Emerging Markets Index ETF | 0.41 | 0.40 | 0.36 | 85 | Emerging Markets Equities | DF.TO vs ZEM.TO | |
| Vanguard FTSE Developed All Cap ex North America I... | 0.46 | 0.51 | 0.52 | 62 | International Equity | DF.TO vs VIU.TO | |
| iShares Core S&P/TSX Capped Composite Index ETF | 0.50 | 0.67 | 0.65 | 80 | Canada Equities | DF.TO vs XIC.TO | |
| Hamilton Enhanced Canadian Covered Call ETF | 0.51 | 0.66 | — | 92 | Derivative Income | DF.TO vs HDIV.TO | |
| Hamilton Enhanced Canadian Bank ETF | 0.52 | 0.67 | 0.66 | 96 | Leveraged Equities | DF.TO vs HCAL.TO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DF.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DF.TO and solid risk/return profiles. The least correlated is Canadian Imperial Bank of Commerce (CM.TO) (Financial Services) with a 1Y correlation of 0.45, down from 0.56 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Canadian Imperial Bank of Commerce | 0.45 | 0.57 | 0.56 | 96 | Financial Services | |
| Dividend 15 Split Corp. | 0.69 | 0.75 | 0.67 | 96 | Financial Services |
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