Looking to diversify beyond EDGE.TO? The ETFs below have the lowest correlation with EDGE.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 EDGE.TO.
Best Diversifiers for EDGE.TO
1 ETFs have low correlation with EDGE.TO (below 0.3), 1 of which are negatively correlated. The least correlated is Evolve Active Canadian Preferred Share Fund (DIVS.TO) (Actively Managed) with a 1Y correlation of -0.03, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Evolve Active Canadian Preferred Share Fund | -0.03 | 0.10 | 0.14 | 94 | Actively Managed, Preferred Stock | EDGE.TO vs DIVS.TO | |
| Alphabet (GOOGL) Yield Shares Purpose ETF | 0.35 | 0.33 | — | 79 | Derivative Income, Technology Equities | EDGE.TO vs YGOG.NEO | |
| iShares Semiconductor Index ETF | 0.42 | — | — | 94 | Semiconductors, Technology Equities | EDGE.TO vs XCHP.TO | |
| Global X Artificial Intelligence Semiconductor Ind... | 0.44 | 0.50 | 0.57 | 88 | Artificial Intelligence, Semiconductors, Technology Equities | EDGE.TO vs CHPS.TO | |
| Vanguard S&P 500 Index ETF | 0.54 | 0.51 | 0.56 | 74 | S&P 500 | EDGE.TO vs VFV.TO |
See all 10 diversifiers for EDGE.TO
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