Looking to diversify beyond PBD.TO? The ETFs below have the lowest correlation with PBD.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 PBD.TO.
Best Diversifiers for PBD.TO
2 ETFs have low correlation with PBD.TO (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Flexible Monthly Income ETF CAD | 0.05 | — | — | 50 | High Yield Bonds | PBD.TO vs XFLI.TO | |
| Purpose Diversified Real Asset Fund | 0.07 | 0.12 | 0.15 | 95 | Diversified Portfolio, Global Allocation, Natural Resources, Actively Managed | PBD.TO vs PRA.TO |
Diversification Analysis
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