Looking to diversify beyond EGIF.TO? The ETFs below have the lowest correlation with EGIF.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 EGIF.TO.
Best Diversifiers for EGIF.TO
7 ETFs have low correlation with EGIF.TO (below 0.3), 1 of which are negatively correlated. The least correlated is Arrow EC Income Advantage Alternative Fund (RATE.TO) (Investment Grade Bonds) with a 1Y correlation of -0.03, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Arrow EC Income Advantage Alternative Fund | -0.03 | 0.02 | 0.05 | 72 | Investment Grade Bonds, Corporate Bonds, Nontraditional Bonds | EGIF.TO vs RATE.TO | |
| iShares Core Equity ETF Portfolio | 0.04 | 0.03 | 0.05 | 85 | Global Equities | EGIF.TO vs XEQT.TO | |
| Fidelity All-in-One Balanced ETF | 0.05 | 0.06 | 0.07 | 78 | Diversified Portfolio | EGIF.TO vs FBAL.NEO | |
| Fidelity All-in-One Conservative ETF | 0.06 | — | — | 74 | Diversified Portfolio | EGIF.TO vs FCNS.NEO | |
| Vanguard Growth ETF Portfolio | 0.06 | 0.06 | 0.07 | 85 | Diversified Portfolio | EGIF.TO vs VGRO.TO |
See all 7 diversifiers for EGIF.TO
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Diversification Analysis
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