Looking to diversify beyond DXB.TO? The ETFs below have the lowest correlation with DXB.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 DXB.TO.
Best Diversifiers for DXB.TO
5 ETFs have low correlation with DXB.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Dynamic Active Global Infrastructure ETF (DXN.TO) (Industrials Equities) with a 1Y correlation of 0.14, roughly unchanged from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Dynamic Active Global Infrastructure ETF | 0.14 | 0.16 | 0.15 | 69 | Industrials Equities | DXB.TO vs DXN.TO | |
| Dynamic Active U.S. Dividend ETF | 0.19 | 0.11 | 0.06 | 59 | Dividend | DXB.TO vs DXU.TO | |
| Dynamic Active Preferred Shares ETF | 0.22 | 0.13 | 0.06 | 96 | Preferred Stock/Convertible Bonds | DXB.TO vs DXP.TO | |
| Dynamic Active Enhanced Yield Covered Options ETF | 0.23 | 0.10 | — | 68 | Derivative Income | DXB.TO vs DXQ.TO | |
| Dynamic Active Canadian Dividend ETF | 0.29 | 0.21 | 0.12 | 94 | Canada Equities, Dividend | DXB.TO vs DXC.TO |
See all 6 diversifiers for DXB.TO
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