Looking to diversify beyond DRFD.TO? The ETFs below have the lowest correlation with DRFD.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 DRFD.TO.
Best Diversifiers for DRFD.TO
3 ETFs have low correlation with DRFD.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Desjardins Canadian Preferred Share Index ETF (DCP.TO) (Preferred Stock/Convertible Bonds) with a 1Y correlation of 0.01, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Desjardins Canadian Preferred Share Index ETF | 0.01 | 0.01 | 0.04 | 91 | Preferred Stock/Convertible Bonds | DRFD.TO vs DCP.TO | |
| Desjardins RI USA Multifactor - Net-Zero Emissions... | 0.26 | 0.19 | 0.17 | 89 | Large Cap Blend Equities, Sustainable, Multi-factor | DRFD.TO vs DRFU.TO | |
| Franklin International Core Equity Fund ETF Series | 0.28 | — | — | 80 | Foreign Large Cap Equities | DRFD.TO vs FCRI.TO | |
| Desjardins Canadian Short Term Bond Index ETF | 0.37 | 0.20 | 0.14 | 63 | Short-Term Bond | DRFD.TO vs DCS.TO | |
| Desjardins RI USA Net-Zero Emissions Pathway ETF | 0.38 | 0.17 | 0.16 | 70 | Large Cap Blend Equities, Sustainable | DRFD.TO vs DRMU.TO |
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