Looking to diversify beyond IGB.TO? The ETFs below have the lowest correlation with IGB.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 IGB.TO.
Best Diversifiers for IGB.TO
6 ETFs have low correlation with IGB.TO (below 0.3), 1 of which are negatively correlated. The least correlated is Purpose Diversified Real Asset Fund (PRA.TO) (Diversified Portfolio) with a 1Y correlation of -0.06, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Purpose Diversified Real Asset Fund | -0.06 | 0.04 | 0.08 | 95 | Diversified Portfolio, Global Allocation, Natural Resources, Actively Managed | IGB.TO vs PRA.TO | |
| PIMCO Global Short Maturity Fund (Canada) | 0.00 | 0.00 | 0.04 | 77 | Ultrashort Bond, Global Bonds, Investment Grade Bonds, Actively Managed | IGB.TO vs PMNT.TO | |
| Purpose Multi-Asset Income Fund | 0.09 | 0.13 | 0.14 | 97 | Derivative Income, Dividend, Tactical Allocation, Diversified Portfolio | IGB.TO vs PINC.TO | |
| Purpose International Dividend Fund | 0.22 | 0.14 | 0.13 | 81 | Foreign Large Cap Equities, Dividend, Actively Managed | IGB.TO vs PID.TO | |
| Purpose Core Dividend Fund | 0.22 | 0.20 | 0.20 | 97 | Dividend, Canada Equities, Actively Managed | IGB.TO vs PDF.TO |
See all 7 diversifiers for IGB.TO
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