Looking to diversify beyond DRMC.TO? The ETFs below have the lowest correlation with DRMC.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 DRMC.TO.
Best Diversifiers for DRMC.TO
3 ETFs have low correlation with DRMC.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 0.04, 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 | 0.04 | 0.06 | 0.06 | 91 | Preferred Stock/Convertible Bonds | DRMC.TO vs DCP.TO | |
| Desjardins RI USA Multifactor - Net-Zero Emissions... | 0.22 | 0.21 | 0.15 | 89 | Large Cap Blend Equities, Sustainable, Multi-factor | DRMC.TO vs DRFU.TO | |
| Desjardins Canadian Short Term Bond Index ETF | 0.29 | 0.12 | 0.04 | 63 | Short-Term Bond | DRMC.TO vs DCS.TO | |
| Global X Canadian High Dividend Index Corporate Cl... | 0.30 | 0.50 | 0.53 | 98 | Canada Equities | DRMC.TO vs HXH.TO | |
| Invesco S&P/TSX Composite Low Volatility Index ETF | 0.34 | 0.51 | 0.51 | 97 | Canada Equities | DRMC.TO vs TLV.TO |
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