Looking to diversify beyond IGCF.TO? The ETFs below have the lowest correlation with IGCF.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 IGCF.TO.
Best Diversifiers for IGCF.TO
1 ETFs have low correlation with IGCF.TO (below 0.3), 0 of which are negatively correlated. The least correlated is PIMCO Global Short Maturity Fund (Canada) (PMNT.TO) (Ultrashort Bond) with a 1Y correlation of 0.10, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO Global Short Maturity Fund (Canada) | 0.10 | 0.04 | 0.12 | 77 | Ultrashort Bond, Global Bonds, Investment Grade Bonds, Actively Managed | IGCF.TO vs PMNT.TO |
Diversification Analysis
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