Looking to diversify beyond ESG.TO? The ETFs below have historically moved differently from ESG.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 ESG.TO
4 ETFs have low correlation with ESG.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco Canadian Government Floating Rate Index ETF (PFL.TO) (Canadian Government Bonds) with a 1Y correlation of 0.01, roughly unchanged from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Canadian Government Floating Rate Index ET... | 0.01 | 0.03 | 0.07 | 98 | Canadian Government Bonds | ESG.TO vs PFL.TO | |
| Invesco S&P/TSX Composite Low Volatility Index ETF | 0.19 | 0.33 | 0.38 | 97 | Canada Equities, Low Volatility | ESG.TO vs TLV.TO | |
| Invesco FTSE RAFI Global Small-Mid ETF | 0.26 | 0.31 | 0.35 | 80 | Foreign Small & Mid Cap Equities | ESG.TO vs PZW.TO | |
| Invesco RAFI U.S. Index ETF II CAD | 0.28 | 0.43 | 0.45 | 95 | Large Cap Value Equities | ESG.TO vs PXS.TO | |
| Invesco RAFI Canadian Index ETF | 0.31 | 0.37 | 0.38 | 97 | Canada Equities | ESG.TO vs PXC.TO |
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