Looking to diversify beyond EQLI.TO? The ETFs below have historically moved differently from EQLI.TO, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for EQLI.TO
11 ETFs have low correlation with EQLI.TO (below 0.3), 3 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Canadian Oil and Gas Equity Covered Call ... | -0.03 | — | — | 92 | Derivative Income, Energy Equities | EQLI.TO vs ENCC.TO | |
| Invesco Canadian Government Floating Rate Index ET... | -0.03 | — | — | 98 | Canadian Government Bonds | EQLI.TO vs PFL.TO | |
| Global X Enhanced Canadian Oil and Gas Equity Cove... | -0.01 | — | — | 92 | Energy Equities, Derivative Income | EQLI.TO vs ENCL.TO | |
| Evolve Canadian Utilities Enhanced Yield Index Fun... | 0.02 | — | — | 64 | Utilities Equities, Derivative Income, Leveraged Equities | EQLI.TO vs UTES.TO | |
| Invesco RAFI U.S. Index ETF II CAD | 0.22 | — | — | 95 | Large Cap Value Equities | EQLI.TO vs PXS.TO |
See all 71 diversifiers for EQLI.TO
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