Looking to diversify beyond MULC.TO? The ETFs below have the lowest correlation with MULC.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 MULC.TO.
Best Diversifiers for MULC.TO
2 ETFs have low correlation with MULC.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Manulife Multifactor U.S. Small Cap Index ETF Hedged (MUSC.TO) (Small Cap Blend Equities) with a 1Y correlation of 0.05, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Manulife Multifactor U.S. Small Cap Index ETF Hedg... | 0.05 | 0.08 | 0.12 | 91 | Small Cap Blend Equities, Multi-factor | MULC.TO vs MUSC.TO | |
| Manulife Smart Dividend ETF | 0.27 | 0.34 | 0.33 | 54 | Dividend | MULC.TO vs CDIV.TO | |
| Desjardins RI USA Multifactor - Net-Zero Emissions... | 0.32 | 0.29 | 0.24 | 89 | Large Cap Blend Equities, Sustainable, Multi-factor | MULC.TO vs DRFU.TO | |
| Manulife Smart International Dividend ETF Unhedged... | 0.32 | 0.29 | — | 57 | Dividend | MULC.TO vs IDIV-B.TO | |
| Manulife Multifactor Developed International Index... | 0.40 | 0.37 | 0.42 | 73 | International Equity, Multi-factor | MULC.TO vs MINT.TO |
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