Looking to diversify beyond MREL.TO? The ETFs below have the lowest correlation with MREL.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 MREL.TO.
Best Diversifiers for MREL.TO
0 ETFs have low correlation with MREL.TO (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Core S&P/TSX Capped Composite Index ETF (XIC.TO) (Canada Equities) with a 1Y correlation of 0.39, down from 0.55 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core S&P/TSX Capped Composite Index ETF | 0.39 | 0.51 | 0.55 | 89 | Canada Equities | MREL.TO vs XIC.TO |
Diversification Analysis
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