Looking to diversify beyond ETP.TO? The ETFs below have the lowest correlation with ETP.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 ETP.TO.
Best Diversifiers for ETP.TO
7 ETFs have low correlation with ETP.TO (below 0.3), 2 of which are negatively correlated. The least correlated is Global X Active Global Dividend ETF (HAZ.TO) (Global Equity Income) with a 1Y correlation of -0.01, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Active Global Dividend ETF | -0.01 | 0.11 | 0.14 | 83 | Global Equity Income | ETP.TO vs HAZ.TO | |
| TD Q Global Dividend ETF | -0.01 | 0.12 | 0.12 | 92 | Global Equity Income | ETP.TO vs TQGD.TO | |
| BMO International Dividend Hedged to CAD ETF | 0.03 | 0.10 | 0.16 | 88 | Global Equity Income | ETP.TO vs ZDH.TO | |
| First Trust Canadian Capital Strength ETF | 0.04 | 0.17 | 0.26 | 84 | Canada Equities | ETP.TO vs FST.TO | |
| TD Active Global Enhanced Dividend ETF | 0.07 | 0.12 | 0.15 | 53 | Global Equity Income | ETP.TO vs TGED.TO |
See all 8 diversifiers for ETP.TO
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