Looking to diversify beyond MCAD.TO? The mutual funds below have the lowest correlation with MCAD.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 MCAD.TO.
Best Diversifiers for MCAD.TO
18 mutual funds have low correlation with MCAD.TO (below 0.3), 5 of which are negatively correlated. The least correlated is Destinations Low Duration Fixed Income Fund (DLDFX) (Short-Term Bond) with a 1Y correlation of -0.07, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Destinations Low Duration Fixed Income Fund | -0.07 | 0.01 | 0.01 | 95 | Short-Term Bond | MCAD.TO vs DLDFX | |
| Diamond Hill Short Duration Securitized Bond Fund ... | -0.07 | -0.02 | -0.02 | 99 | Short-Term Bond | MCAD.TO vs DHEIX | |
| GuidePath Absolute Return Allocation Fund | -0.05 | -0.01 | -0.01 | 57 | Short-Term Bond | MCAD.TO vs GPARX | |
| Leader Short Term High Yield Bond Fund | -0.02 | -0.02 | -0.02 | 80 | Short-Term Bond | MCAD.TO vs LCCMX | |
| DFA Two-Year Fixed Income Portfolio | -0.00 | — | — | 65 | Short-Term Bond | MCAD.TO vs DFCFX |
See all 18 diversifiers for MCAD.TO
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