Looking to diversify beyond DXU.TO? The ETFs below have the lowest correlation with DXU.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 DXU.TO.
Best Diversifiers for DXU.TO
11 ETFs have low correlation with DXU.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Global X High Interest Savings ETF (CASH.TO) (Money Market) with a 1Y correlation of 0.03, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X High Interest Savings ETF | 0.03 | 0.08 | 0.04 | 100 | Money Market | DXU.TO vs CASH.TO | |
| Brompton North American Low Volatility Dividend ET... | 0.10 | 0.06 | 0.11 | 87 | Dividend | DXU.TO vs BLOV.TO | |
| Dynamic Active Preferred Shares ETF | 0.12 | 0.13 | 0.13 | 96 | Preferred Stock/Convertible Bonds | DXU.TO vs DXP.TO | |
| BMO Tactical Dividend ETF Fund | 0.14 | 0.03 | 0.13 | 81 | Dividend | DXU.TO vs ZZZD.TO | |
| HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF ... | 0.19 | — | — | 95 | Dividend | DXU.TO vs CWIN.TO |
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