Looking to diversify beyond DGR.TO? The ETFs below have the lowest correlation with DGR.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 DGR.TO.
Best Diversifiers for DGR.TO
0 ETFs have low correlation with DGR.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO) (Dividend) with a 1Y correlation of 0.36, down from 0.56 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard FTSE Canadian High Dividend Yield Index E... | 0.36 | 0.50 | 0.56 | 98 | Dividend | DGR.TO vs VDY.TO | |
| CI Canadian Banks Covered Call Income Class ETF | 0.39 | 0.49 | 0.55 | 97 | Financials Equities | DGR.TO vs CIC.TO | |
| iShares Core MSCI US Quality Dividend Index ETF | 0.41 | 0.57 | 0.59 | 63 | Large Cap Value Equities, Dividend | DGR.TO vs XDU.TO | |
| Dynamic Active U.S. Dividend ETF | 0.47 | 0.55 | 0.54 | 74 | Dividend | DGR.TO vs DXU.TO |
Diversification Analysis
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