Looking to diversify beyond DXG.TO? The ETFs below have the lowest correlation with DXG.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 DXG.TO.
Best Diversifiers for DXG.TO
5 ETFs have low correlation with DXG.TO (below 0.3), 1 of which are negatively correlated. The least correlated is First Trust Global Risk Managed Income Index ETF (ETP.TO) (Global Equity Income) with a 1Y correlation of -0.02, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust Global Risk Managed Income Index ETF | -0.02 | 0.08 | 0.12 | 92 | Global Equity Income | DXG.TO vs ETP.TO | |
| Dynamic Active Preferred Shares ETF | 0.17 | 0.14 | 0.14 | 96 | Preferred Stock/Convertible Bonds | DXG.TO vs DXP.TO | |
| Dynamic Active Global Infrastructure ETF | 0.17 | 0.14 | 0.21 | 69 | Industrials Equities | DXG.TO vs DXN.TO | |
| Dynamic Active Tactical Bond ETF | 0.22 | 0.14 | 0.10 | 53 | Tactical Allocation | DXG.TO vs DXB.TO | |
| Dynamic Active Crossover Bond ETF | 0.24 | 0.18 | 0.14 | 68 | Corporate Bonds, High Yield Bonds | DXG.TO vs DXO.TO |
See all 13 diversifiers for DXG.TO
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Diversification Analysis
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