Looking to diversify beyond GEQT.TO? The ETFs below have the lowest correlation with GEQT.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 GEQT.TO.
Best Diversifiers for GEQT.TO
5 ETFs have low correlation with GEQT.TO (below 0.3), 2 of which are negatively correlated. The least correlated is iShares S&P/TSX Capped Energy Index ETF (XEG.TO) (Energy Equities) with a 1Y correlation of -0.11, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P/TSX Capped Energy Index ETF | -0.11 | 0.10 | 0.16 | 64 | Energy Equities, Canada Equities | GEQT.TO vs XEG.TO | |
| Global X High Interest Savings ETF | -0.04 | 0.03 | — | 99 | Money Market | GEQT.TO vs CASH.TO | |
| BMO Money Market Fund ETF Series | 0.11 | -0.01 | — | 99 | Money Market | GEQT.TO vs ZMMK.TO | |
| iShares S&P/TSX Composite High Dividend Index ETF | 0.24 | 0.40 | 0.41 | 97 | Canada Equities | GEQT.TO vs XEI.TO | |
| iShares Core MSCI Global Quality Dividend Index ET... | 0.30 | 0.31 | 0.36 | 72 | Global Equities | GEQT.TO vs XDGH.TO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GEQT.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GEQT.TO and solid risk/return profiles. The least correlated is The Bank of Nova Scotia (BNS.TO) (Financial Services) with a 1Y correlation of 0.45, roughly unchanged from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Bank of Nova Scotia | 0.45 | 0.40 | 0.42 | 98 | Financial Services |
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