Looking to balance out your exposure to DIV.TO? The ETFs below have historically moved differently from DIV.TO, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for DIV.TO
4 ETFs have low correlation with DIV.TO (below 0.3), 1 of which are negatively correlated. The least correlated is BMO Money Market Fund ETF Series (ZMMK.TO) (Money Market) with a 1Y correlation of -0.01, roughly unchanged from -0.04 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BMO Money Market Fund ETF Series | -0.01 | -0.04 | — | 99 | Money Market | DIV.TO vs ZMMK.TO | |
| iShares S&P/TSX Composite High Dividend Index ETF | 0.19 | 0.35 | 0.38 | 98 | Canada Equities | DIV.TO vs XEI.TO | |
| iShares Core MSCI Canadian Quality Dividend Index ... | 0.27 | 0.35 | 0.37 | 98 | Quality Factor, Dividend, Large Cap Value Equities | DIV.TO vs XDIV.TO | |
| Harvest Tech Achievers Growth & Income ETF | 0.28 | 0.28 | 0.33 | 57 | Technology Equities | DIV.TO vs HTA.TO | |
| CI Tech Giants Covered Call Common | 0.32 | 0.29 | 0.34 | 64 | Technology Equities, Derivative Income | DIV.TO vs TXF.TO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DIV.TO, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Canadian Natural Resources Limited (CNQ.TO) (Energy) with a 1Y correlation of -0.13, down from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Canadian Natural Resources Limited | -0.13 | 0.12 | 0.17 | 87 | Energy | |
| Freehold Royalties Ltd. | -0.06 | 0.13 | 0.19 | 90 | Energy | |
| Capstone Copper Corp. | 0.30 | 0.30 | 0.28 | 76 | Basic Materials | |
| Exchange Income Corporation | 0.37 | 0.31 | 0.35 | 98 | Industrials |
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