Looking to diversify beyond ESGF.TO? The ETFs below have the lowest correlation with ESGF.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 ESGF.TO.
Best Diversifiers for ESGF.TO
18 ETFs have low correlation with ESGF.TO (below 0.3), 1 of which are negatively correlated. The least correlated is Mackenzie Floating Rate Income ETF (MFT.TO) (Corporate Bonds) with a 1Y correlation of -0.12, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Mackenzie Floating Rate Income ETF | -0.12 | 0.04 | 0.06 | 55 | Corporate Bonds | ESGF.TO vs MFT.TO | |
| BMO Money Market Fund ETF Series | 0.01 | -0.02 | — | 99 | Money Market | ESGF.TO vs ZMMK.TO | |
| TD Select U.S. Short Term Corporate Bond Ladder ET... | 0.02 | 0.08 | 0.03 | 64 | Short-Term Bond, Corporate Bonds | ESGF.TO vs TUSB.TO | |
| CI Alternative Investment Grade Credit Fund | 0.07 | 0.08 | 0.05 | 71 | Investment Grade Bonds, Long-Short, Nontraditional Bonds, Actively Managed | ESGF.TO vs CRED.TO | |
| RBC Target 2026 Corporate Bond Index ETF | 0.08 | 0.04 | 0.09 | 98 | Corporate Bonds | ESGF.TO vs RQO.TO |
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