Looking to diversify beyond MPAY.TO? The ETFs below have the lowest correlation with MPAY.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 MPAY.TO.
Best Diversifiers for MPAY.TO
10 ETFs have low correlation with MPAY.TO (below 0.3), 3 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X High Interest Savings ETF | -0.06 | — | — | 100 | Money Market | MPAY.TO vs CASH.TO | |
| Global X 0-3 Month T-Bill ETF | -0.02 | — | — | 99 | Canadian Government Bonds | MPAY.TO vs CBIL.TO | |
| Global X S&P/TSX 60 Corporate Class ETF | -0.02 | — | — | 81 | Canada Equities | MPAY.TO vs HXT.TO | |
| Global X Equal Weight Banks Index ETF | 0.01 | — | — | 96 | Financials Equities | MPAY.TO vs HBNK.TO | |
| Global X Cash Maximizer Corporate Class ETF | 0.10 | — | — | 66 | Bank Loan | MPAY.TO vs HSAV.TO |
See all 10 diversifiers for MPAY.TO
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