Looking to diversify beyond GRO.TO? The ETFs below have the lowest correlation with GRO.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 GRO.TO.
Best Diversifiers for GRO.TO
27 ETFs have low correlation with GRO.TO (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Diversified Monthly Income ETF (XTR.TO) (Diversified Portfolio) with a 1Y correlation of 0.05, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Diversified Monthly Income ETF | 0.05 | 0.05 | 0.05 | 71 | Diversified Portfolio | GRO.TO vs XTR.TO | |
| Franklin International Low Volatility High Dividen... | 0.07 | — | — | 89 | International Equity | GRO.TO vs FLVI.NEO | |
| Franklin International Core Equity Fund ETF Series | 0.10 | — | — | 80 | Foreign Large Cap Equities | GRO.TO vs FCRI.TO | |
| iShares Core Balanced ETF Portfolio | 0.12 | — | — | 71 | Diversified Portfolio | GRO.TO vs XBAL.TO | |
| Mackenzie Growth Allocation ETF | 0.12 | — | — | 87 | Diversified Portfolio | GRO.TO vs MGRW.TO |
See all 27 diversifiers for GRO.TO
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