Looking to diversify beyond DXC.TO? The ETFs below have the lowest correlation with DXC.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 DXC.TO.
Best Diversifiers for DXC.TO
3 ETFs have low correlation with DXC.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Dynamic Active Preferred Shares ETF (DXP.TO) (Preferred Stock/Convertible Bonds) with a 1Y correlation of 0.11, roughly unchanged from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Dynamic Active Preferred Shares ETF | 0.11 | 0.19 | 0.21 | 96 | Preferred Stock/Convertible Bonds | DXC.TO vs DXP.TO | |
| Dynamic Active Tactical Bond ETF | 0.29 | 0.21 | 0.12 | 53 | Tactical Allocation | DXC.TO vs DXB.TO | |
| Dynamic Active Global Infrastructure ETF | 0.29 | 0.33 | 0.35 | 69 | Industrials Equities | DXC.TO vs DXN.TO | |
| Dynamic Active Crossover Bond ETF | 0.31 | 0.30 | 0.26 | 68 | Corporate Bonds, High Yield Bonds | DXC.TO vs DXO.TO | |
| Fidelity Canadian Monthly High Income ETF | 0.36 | 0.25 | 0.21 | 95 | Canada Equities, Derivative Income | DXC.TO vs FCMI.TO |
See all 22 diversifiers for DXC.TO
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Diversification Analysis
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