Looking to balance out your exposure to GWO-PQ.TO? The ETFs below have the lowest correlation with GWO-PQ.TO — they tend to move on their own, which can help reduce risk when GWO-PQ.TO drops. The stock ideas table highlights individual companies that behave independently from GWO-PQ.TO.
Best Diversifiers for GWO-PQ.TO
1 ETFs have low correlation with GWO-PQ.TO (below 0.3), 1 of which are negatively correlated. The least correlated is iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO) (Dividend) with a 1Y correlation of -0.05, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core MSCI Canadian Quality Dividend Index ... | -0.05 | 0.10 | 0.15 | 98 | Dividend, Large Cap Value Equities | GWO-PQ.TO vs XDIV.TO |
Diversification Analysis
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