Looking to diversify beyond INAI.TO? The ETFs below have the lowest correlation with INAI.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 INAI.TO.
Best Diversifiers for INAI.TO
6 ETFs have low correlation with INAI.TO (below 0.3), 1 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Canadian Government Floating Rate Index ET... | -0.03 | — | — | 97 | Canadian Government Bonds | INAI.TO vs PFL.TO | |
| Invesco S&P/TSX Composite Low Volatility Index ETF | 0.05 | — | — | 97 | Canada Equities | INAI.TO vs TLV.TO | |
| Invesco FTSE RAFI Global Small-Mid ETF | 0.13 | — | — | 80 | Global Equities | INAI.TO vs PZW.TO | |
| Invesco 1-5 Year Laddered Investment Grade Corpora... | 0.15 | — | — | 64 | Corporate Bonds | INAI.TO vs PSB.TO | |
| Invesco RAFI U.S. Index ETF II CAD | 0.18 | — | — | 95 | Large Cap Value Equities | INAI.TO vs PXS.TO |
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