Looking to diversify beyond GBAL.TO? The ETFs below have the lowest correlation with GBAL.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 GBAL.TO.
Best Diversifiers for GBAL.TO
2 ETFs have low correlation with GBAL.TO (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin Growth ETF Portfolio | 0.11 | — | — | 92 | Diversified Portfolio | GBAL.TO vs GRO.TO | |
| iShares S&P/TSX Composite High Dividend Index ETF | 0.20 | 0.37 | 0.38 | 98 | Canada Equities | GBAL.TO vs XEI.TO | |
| iShares Core MSCI Canadian Quality Dividend Index ... | 0.38 | 0.43 | 0.42 | 98 | Dividend, Large Cap Value Equities | GBAL.TO vs XDIV.TO | |
| iShares ESG Conservative Balanced ETF Portfolio | 0.39 | 0.34 | 0.38 | 53 | Diversified Portfolio | GBAL.TO vs GCNS.TO | |
| BMO Low Volatility Canadian Equity ETF | 0.42 | 0.45 | 0.46 | 62 | Canada Equities | GBAL.TO vs ZLB.TO |
See all 39 diversifiers for GBAL.TO
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Diversification Analysis
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