Looking to diversify beyond DRFG.TO? The ETFs below have the lowest correlation with DRFG.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 DRFG.TO.
Best Diversifiers for DRFG.TO
6 ETFs have low correlation with DRFG.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 0.03, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Desjardins Canadian Preferred Share Index ETF | 0.03 | 0.04 | 0.06 | 91 | Preferred Stock/Convertible Bonds | DRFG.TO vs DCP.TO | |
| iShares MSCI Min Vol EAFE Index ETF (CAD-Hedged) | 0.17 | 0.16 | 0.20 | 60 | Global Equities | DRFG.TO vs XML.TO | |
| Desjardins Canadian Short Term Bond Index ETF | 0.23 | 0.10 | 0.09 | 63 | Short-Term Bond | DRFG.TO vs DCS.TO | |
| iShares Global Monthly Dividend Index ETF (CAD-Hed... | 0.24 | 0.23 | 0.27 | 82 | Global Equities | DRFG.TO vs CYH.TO | |
| iShares Core MSCI Global Quality Dividend Index ET... | 0.29 | 0.29 | 0.27 | 75 | Global Equities | DRFG.TO vs XDGH.TO |
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