Looking to diversify beyond MCLC.TO? The ETFs below have the lowest correlation with MCLC.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 MCLC.TO.
Best Diversifiers for MCLC.TO
1 ETFs have low correlation with MCLC.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Manulife Multifactor U.S. Small Cap Index ETF Hedged (MUSC.TO) (Small Cap Blend Equities) with a 1Y correlation of 0.00, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Manulife Multifactor U.S. Small Cap Index ETF Hedg... | 0.00 | 0.00 | 0.04 | 91 | Small Cap Blend Equities, Multi-factor | MCLC.TO vs MUSC.TO | |
| Fidelity Canadian Monthly High Income ETF | 0.31 | 0.20 | 0.19 | 95 | Canada Equities, Derivative Income | MCLC.TO vs FCMI.TO | |
| Invesco S&P/TSX Composite Low Volatility Index ETF | 0.37 | 0.39 | 0.32 | 97 | Canada Equities | MCLC.TO vs TLV.TO | |
| TD Q Canadian Low Volatility ETF | 0.41 | 0.43 | 0.32 | 85 | Canada Equities | MCLC.TO vs TCLV.TO | |
| Global X Canadian High Dividend Index Corporate Cl... | 0.42 | 0.41 | 0.33 | 98 | Canada Equities | MCLC.TO vs HXH.TO |
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