Looking to diversify beyond DRFE.TO? The ETFs below have the lowest correlation with DRFE.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 DRFE.TO.
Best Diversifiers for DRFE.TO
3 ETFs have low correlation with DRFE.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 0.05 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 | 0.05 | 91 | Preferred Stock/Convertible Bonds | DRFE.TO vs DCP.TO | |
| Desjardins Canadian Short Term Bond Index ETF | 0.18 | 0.05 | 0.04 | 63 | Short-Term Bond | DRFE.TO vs DCS.TO | |
| Desjardins RI USA Multifactor - Net-Zero Emissions... | 0.27 | 0.20 | 0.16 | 89 | Large Cap Blend Equities, Sustainable, Multi-factor | DRFE.TO vs DRFU.TO | |
| Desjardins RI Developed ex-USA ex-Canada Multifact... | 0.40 | 0.22 | 0.19 | 69 | Foreign Large Cap Equities, Sustainable, Multi-factor | DRFE.TO vs DRFD.TO | |
| Desjardins RI Canada - Net-Zero Emissions Pathway ... | 0.49 | 0.35 | 0.27 | 85 | Canada Equities, Sustainable | DRFE.TO vs DRMC.TO |
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