Looking to diversify beyond DRFC.TO? The ETFs below have the lowest correlation with DRFC.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 DRFC.TO.
Best Diversifiers for DRFC.TO
1 ETFs have low correlation with DRFC.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Desjardins RI USA Multifactor - Net-Zero Emissions Pathway ETF (DRFU.TO) (Large Cap Blend Equities) with a 1Y correlation of 0.27, roughly unchanged from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Desjardins RI USA Multifactor - Net-Zero Emissions... | 0.27 | 0.24 | 0.20 | 89 | Large Cap Blend Equities, Sustainable, Multi-factor | DRFC.TO vs DRFU.TO | |
| Desjardins Canadian Short Term Bond Index ETF | 0.31 | 0.14 | 0.10 | 63 | Short-Term Bond | DRFC.TO vs DCS.TO | |
| Global X Canadian High Dividend Index Corporate Cl... | 0.32 | 0.48 | 0.43 | 98 | Canada Equities | DRFC.TO vs HXH.TO | |
| Fidelity Canadian Monthly High Income ETF | 0.34 | 0.24 | 0.22 | 95 | Canada Equities, Derivative Income | DRFC.TO vs FCMI.TO | |
| Invesco S&P/TSX Composite Low Volatility Index ETF | 0.37 | 0.53 | 0.47 | 97 | Canada Equities | DRFC.TO vs TLV.TO |
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