Looking to diversify beyond DXQ.TO? The ETFs below have the lowest correlation with DXQ.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 DXQ.TO.
Best Diversifiers for DXQ.TO
13 ETFs have low correlation with DXQ.TO (below 0.3), 7 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Evolve Canadian Utilities Enhanced Yield Index Fun... | -0.23 | — | — | 75 | Derivative Income | DXQ.TO vs UTES.TO | |
| Global X Canadian Oil and Gas Equity Covered Call ... | -0.17 | 0.13 | — | 85 | Derivative Income, Energy Equities | DXQ.TO vs ENCC.TO | |
| CI Energy Giants Covered Call ETF Common Units (CA... | -0.16 | 0.06 | — | 73 | Energy Equities, Derivative Income | DXQ.TO vs NXF.TO | |
| BMO Covered Call Utilities ETF | -0.16 | 0.00 | — | 58 | Utilities Equities, Derivative Income | DXQ.TO vs ZWU.TO | |
| Global X Enhanced Canadian Oil and Gas Equity Cove... | -0.14 | — | — | 85 | Oil & Gas, Derivative Income | DXQ.TO vs ENCL.TO |
See all 32 diversifiers for DXQ.TO
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Diversification Analysis
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