Looking to diversify beyond IDIV-B.TO? The ETFs below have the lowest correlation with IDIV-B.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 IDIV-B.TO.
Best Diversifiers for IDIV-B.TO
0 ETFs have low correlation with IDIV-B.TO (below 0.3), 0 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 0.39, roughly unchanged from 0.33 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core MSCI Canadian Quality Dividend Index ... | 0.39 | 0.33 | — | 98 | Dividend, Large Cap Value Equities | IDIV-B.TO vs XDIV.TO | |
| Dynamic Active U.S. Dividend ETF | 0.39 | 0.28 | — | 78 | Dividend | IDIV-B.TO vs DXU.TO | |
| TD Active U.S. Enhanced Dividend CAD Hedged ETF | 0.41 | 0.25 | — | 50 | Dividend, Large Cap Blend Equities | IDIV-B.TO vs TUEX.TO | |
| HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF ... | 0.42 | — | — | 83 | Dividend | IDIV-B.TO vs CWIN.TO | |
| iShares Core MSCI US Quality Dividend Index ETF | 0.46 | 0.37 | — | 53 | Large Cap Value Equities, Dividend | IDIV-B.TO vs XDU.TO |
See all 16 diversifiers for IDIV-B.TO
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