Looking to diversify beyond ICAE.TO? The ETFs below have the lowest correlation with ICAE.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 ICAE.TO.
Best Diversifiers for ICAE.TO
13 ETFs have low correlation with ICAE.TO (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Core MSCI US Quality Dividend Index ETF (XDU.TO) (Large Cap Value Equities) with a 1Y correlation of 0.14, roughly unchanged from 0.22 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core MSCI US Quality Dividend Index ETF | 0.14 | 0.22 | — | 71 | Large Cap Value Equities, Dividend | ICAE.TO vs XDU.TO | |
| Dynamic Active U.S. Dividend ETF | 0.16 | 0.18 | — | 69 | Dividend | ICAE.TO vs DXU.TO | |
| BMO Tactical Dividend ETF Fund | 0.17 | 0.18 | — | 83 | Dividend | ICAE.TO vs ZZZD.TO | |
| Invesco NASDAQ 100 Index ETF CAD Hedged | 0.18 | 0.20 | — | 52 | Nasdaq-100 | ICAE.TO vs QQC-F.TO | |
| Invesco ESG NASDAQ 100 Index ETF | 0.18 | 0.18 | — | 68 | Nasdaq-100 | ICAE.TO vs QQCE.TO |
See all 19 diversifiers for ICAE.TO
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