Looking to diversify beyond MUMC.TO? The ETFs below have the lowest correlation with MUMC.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 MUMC.TO.
Best Diversifiers for MUMC.TO
7 ETFs have low correlation with MUMC.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 0.11, roughly unchanged from 0.17 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... | 0.11 | 0.16 | 0.17 | 91 | Small Cap Blend Equities, Multi-factor | MUMC.TO vs MUSC.TO | |
| Manulife Smart Dividend ETF | 0.15 | 0.28 | 0.38 | 54 | Dividend | MUMC.TO vs CDIV.TO | |
| Manulife Smart International Dividend ETF Unhedged... | 0.16 | 0.22 | — | 57 | Dividend | MUMC.TO vs IDIV-B.TO | |
| iShares S&P U.S. Mid-Cap Index ETF | 0.18 | 0.34 | 0.40 | 65 | Mid Cap Blend Equities | MUMC.TO vs XMC.TO | |
| Manulife Multifactor Canadian Large Cap Index ETF | 0.21 | 0.25 | 0.25 | 90 | Canada Equities, Multi-factor | MUMC.TO vs MCLC.TO |
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