PortfoliosLab logoPortfoliosLab logo

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.


Diversification Analysis

Build a portfolio that complements DRFE.TO

Add DRFE.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with DRFE.TO