Looking to diversify beyond MUSC.TO? The ETFs below have the lowest correlation with MUSC.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 MUSC.TO.
Best Diversifiers for MUSC.TO
10 ETFs have low correlation with MUSC.TO (below 0.3), 1 of which are negatively correlated. The least correlated is Manulife Smart International Dividend ETF Unhedged Units (IDIV-B.TO) (Dividend) with a 1Y correlation of -0.02, roughly unchanged from 0.06 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Manulife Smart International Dividend ETF Unhedged... | -0.02 | 0.06 | — | 57 | Dividend | MUSC.TO vs IDIV-B.TO | |
| Manulife Multifactor Canadian Large Cap Index ETF | 0.00 | 0.00 | 0.04 | 90 | Canada Equities, Multi-factor | MUSC.TO vs MCLC.TO | |
| BMO S&P US Small Cap Index ETF | 0.02 | 0.03 | 0.10 | 85 | Small Cap Blend Equities | MUSC.TO vs ZSML.TO | |
| iShares S&P U.S. Small-Cap Index ETF | 0.03 | 0.03 | 0.08 | 83 | Small Cap Blend Equities | MUSC.TO vs XSMC.TO | |
| TD Q Global Multifactor ETF | 0.04 | 0.03 | 0.05 | 91 | Multi-factor | MUSC.TO vs TQGM.TO |
See all 10 diversifiers for MUSC.TO
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