Looking to diversify beyond IQD.TO? The ETFs below have the lowest correlation with IQD.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 IQD.TO.
Best Diversifiers for IQD.TO
1 ETFs have low correlation with IQD.TO (below 0.3), 0 of which are negatively correlated. The least correlated is BMO Tactical Dividend ETF Fund (ZZZD.TO) (Dividend) with a 1Y correlation of 0.28, roughly unchanged from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BMO Tactical Dividend ETF Fund | 0.28 | 0.19 | 0.27 | 80 | Dividend | IQD.TO vs ZZZD.TO | |
| Dynamic Active U.S. Dividend ETF | 0.40 | 0.46 | 0.44 | 74 | Dividend | IQD.TO vs DXU.TO | |
| Vanguard FTSE Canadian High Dividend Yield Index E... | 0.42 | 0.51 | 0.50 | 98 | Dividend | IQD.TO vs VDY.TO | |
| Fidelity Canadian High Dividend Index ETF | 0.44 | 0.49 | 0.51 | 95 | Dividend | IQD.TO vs FCCD.TO | |
| iShares Core MSCI US Quality Dividend Index ETF | 0.45 | 0.47 | 0.40 | 63 | Large Cap Value Equities, Dividend | IQD.TO vs XDU.TO |
See all 6 diversifiers for IQD.TO
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