Looking to balance out your exposure to DYA.TO? The ETFs below have the lowest correlation with DYA.TO — they tend to move on their own, which can help reduce risk when DYA.TO drops. The stock ideas table highlights individual companies that behave independently from DYA.TO.
Best Diversifiers for DYA.TO
1 ETFs have low correlation with DYA.TO (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Core Equity ETF Portfolio (XEQT.TO) (Global Equities) with a 1Y correlation of 0.08, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core Equity ETF Portfolio | 0.08 | 0.09 | 0.10 | 80 | Global Equities | DYA.TO vs XEQT.TO |
Diversification Analysis
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