Looking to balance out your exposure to MRE.TO? The ETFs below have the lowest correlation with MRE.TO — they tend to move on their own, which can help reduce risk when MRE.TO drops. The stock ideas table highlights individual companies that behave independently from MRE.TO.
Best Diversifiers for MRE.TO
1 ETFs have low correlation with MRE.TO (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO) (Dividend) with a 1Y correlation of 0.21, down from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core MSCI Canadian Quality Dividend Index ... | 0.21 | 0.39 | 0.41 | 98 | Dividend, Large Cap Value Equities | MRE.TO vs XDIV.TO |
Diversification Analysis
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