Looking to balance out your exposure to MFC-PJ.TO? The ETFs below have the lowest correlation with MFC-PJ.TO — they tend to move on their own, which can help reduce risk when MFC-PJ.TO drops. The stock ideas table highlights individual companies that behave independently from MFC-PJ.TO.
Best Diversifiers for MFC-PJ.TO
1 ETFs have low correlation with MFC-PJ.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 Index ETF (VFV.TO) (S&P 500) with a 1Y correlation of 0.04, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 Index ETF | 0.04 | 0.09 | 0.12 | 78 | S&P 500 | MFC-PJ.TO vs VFV.TO |
Diversification Analysis
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