Looking to diversify beyond DLR-U.TO? The ETFs below have the lowest correlation with DLR-U.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 DLR-U.TO.
Best Diversifiers for DLR-U.TO
10 ETFs have low correlation with DLR-U.TO (below 0.3), 7 of which are negatively correlated. The least correlated is Global X Artificial Intelligence Semiconductor Index ETF (CHPS.TO) (Semiconductors) with a 1Y correlation of -0.10, roughly unchanged from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Artificial Intelligence Semiconductor Ind... | -0.10 | -0.04 | -0.03 | 87 | Semiconductors, Technology Equities | DLR-U.TO vs CHPS.TO | |
| Global X NASDAQ-100 Covered Call ETF | -0.08 | -0.01 | -0.02 | 75 | Nasdaq-100, Derivative Income | DLR-U.TO vs QQCC.TO | |
| Global X Equal Weight Banks Index ETF | -0.07 | -0.04 | — | 98 | Financials Equities, Equal Weight | DLR-U.TO vs HBNK.TO | |
| Global X Enhanced NASDAQ-100 Covered Call ETF | -0.07 | — | — | 74 | Nasdaq-100, Derivative Income | DLR-U.TO vs QQCL.TO | |
| Global X Enhanced S&P 500 Covered Call ETF | -0.06 | 0.01 | — | 83 | Derivative Income, S&P 500 | DLR-U.TO vs USCL.TO |
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