Looking to diversify beyond MGRW.TO? The ETFs below have the lowest correlation with MGRW.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 MGRW.TO.
Best Diversifiers for MGRW.TO
4 ETFs have low correlation with MGRW.TO (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Mackenzie AAA CLO ETF | 0.09 | — | — | 92 | CLO | MGRW.TO vs MAAA.TO | |
| Franklin Growth ETF Portfolio | 0.12 | — | — | 94 | Diversified Portfolio | MGRW.TO vs GRO.TO | |
| Mackenzie Canadian Short Term Fixed Income ETF | 0.20 | 0.15 | 0.11 | 53 | Short-Term Bond | MGRW.TO vs MCSB.TO | |
| Mackenzie International Equity Index ETF (CAD-Hedg... | 0.29 | 0.28 | 0.26 | 82 | International Equity | MGRW.TO vs QDXH.TO | |
| Mackenzie Canadian Short-Term Bond Index ETF | 0.33 | 0.20 | 0.15 | 61 | Short-Term Bond | MGRW.TO vs QSB.TO |
See all 32 diversifiers for MGRW.TO
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