Looking to diversify beyond MCSM.TO? The ETFs below have the lowest correlation with MCSM.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 MCSM.TO.
Best Diversifiers for MCSM.TO
12 ETFs have low correlation with MCSM.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 0.09, roughly unchanged from 0.09 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... | 0.09 | 0.07 | 0.09 | 91 | Small Cap Blend Equities, Multi-factor | MCSM.TO vs MUSC.TO | |
| Global X Canadian High Dividend Index Corporate Cl... | 0.14 | 0.23 | 0.22 | 98 | Canada Equities | MCSM.TO vs HXH.TO | |
| Invesco S&P/TSX Composite Low Volatility Index ETF | 0.16 | 0.15 | 0.18 | 97 | Canada Equities | MCSM.TO vs TLV.TO | |
| TD Q Canadian Low Volatility ETF | 0.20 | 0.21 | 0.17 | 85 | Canada Equities | MCSM.TO vs TCLV.TO | |
| Manulife Multifactor U.S. Large Cap Index ETF Hedg... | 0.24 | 0.17 | 0.17 | 64 | Large Cap Blend Equities, Multi-factor | MCSM.TO vs MULC.TO |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements MCSM.TO
Add MCSM.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MCSM.TO