Looking to diversify beyond DRMU.TO? The ETFs below have the lowest correlation with DRMU.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 DRMU.TO.
Best Diversifiers for DRMU.TO
1 ETFs have low correlation with DRMU.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Desjardins Canadian Short Term Bond Index ETF (DCS.TO) (Short-Term Bond) with a 1Y correlation of 0.28, up from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Desjardins Canadian Short Term Bond Index ETF | 0.28 | 0.08 | 0.07 | 63 | Short-Term Bond | DRMU.TO vs DCS.TO | |
| Desjardins RI USA Multifactor - Net-Zero Emissions... | 0.34 | 0.32 | 0.23 | 89 | Large Cap Blend Equities, Sustainable, Multi-factor | DRMU.TO vs DRFU.TO | |
| Desjardins RI Developed ex-USA ex-Canada Multifact... | 0.38 | 0.17 | 0.16 | 69 | Foreign Large Cap Equities, Sustainable, Multi-factor | DRMU.TO vs DRFD.TO | |
| Desjardins RI Developed ex-USA ex-Canada - Net-Zer... | 0.49 | 0.35 | 0.28 | 63 | Foreign Large Cap Equities, Sustainable | DRMU.TO vs DRMD.TO | |
| Desjardins Canadian Equity Index ETF | 0.55 | — | — | 89 | Canada Equities | DRMU.TO vs DMEC.TO |
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