Looking to diversify beyond MKB.TO? The ETFs below have the lowest correlation with MKB.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 MKB.TO.
Best Diversifiers for MKB.TO
4 ETFs have low correlation with MKB.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Mackenzie International Equity Index ETF (CAD-Hedged) (QDXH.TO) (International Equity) with a 1Y correlation of 0.14, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Mackenzie International Equity Index ETF (CAD-Hedg... | 0.14 | 0.09 | 0.04 | 82 | International Equity | MKB.TO vs QDXH.TO | |
| Mackenzie Growth Allocation ETF | 0.20 | 0.21 | 0.16 | 87 | Diversified Portfolio | MKB.TO vs MGRW.TO | |
| Mackenzie Canadian Equity Index ETF | 0.26 | 0.21 | 0.14 | 89 | Canada Equities | MKB.TO vs QCN.TO | |
| Mackenzie US Large Cap Equity Index ETF | 0.28 | 0.17 | 0.14 | 75 | Large Cap Blend Equities | MKB.TO vs QUU.TO | |
| Mackenzie International Equity Index ETF | 0.34 | 0.20 | 0.17 | 67 | Foreign Large Cap Equities | MKB.TO vs QDX.TO |
See all 6 diversifiers for MKB.TO
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