Looking to diversify beyond DXV.TO? The ETFs below have the lowest correlation with DXV.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 DXV.TO.
Best Diversifiers for DXV.TO
7 ETFs have low correlation with DXV.TO (below 0.3), 3 of which are negatively correlated. The least correlated is iShares Floating Rate Index ETF (XFR.TO) (Canadian Government Bonds) with a 1Y correlation of -0.11, roughly unchanged from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Floating Rate Index ETF | -0.11 | -0.05 | -0.02 | 98 | Canadian Government Bonds | DXV.TO vs XFR.TO | |
| BMO Money Market Fund ETF Series | -0.03 | -0.02 | -0.01 | 100 | Money Market | DXV.TO vs ZMMK.TO | |
| Purpose Cash Management Fund | -0.02 | 0.06 | — | 100 | Money Market | DXV.TO vs MNY.TO | |
| Global X Active Ultra-Short Term Investment Grade ... | 0.02 | 0.08 | 0.12 | 95 | Ultrashort Bond | DXV.TO vs HFR.TO | |
| Purpose High Interest Savings Fund | 0.06 | 0.15 | 0.10 | 100 | Money Market | DXV.TO vs PSA.TO |
See all 7 diversifiers for DXV.TO
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