Looking to balance out your exposure to GDL.TO? The ETFs below have the lowest correlation with GDL.TO — they tend to move on their own, which can help reduce risk when GDL.TO drops. The stock ideas table highlights individual companies that behave independently from GDL.TO.
Best Diversifiers for GDL.TO
1 ETFs have low correlation with GDL.TO (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Core S&P 500 Index ETF (XUS-U.TO) (S&P 500) with a 1Y correlation of 0.13, roughly unchanged from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core S&P 500 Index ETF | 0.13 | 0.10 | 0.15 | 68 | S&P 500 | GDL.TO vs XUS-U.TO |
Diversification Analysis
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