Looking to diversify beyond PBI.TO? The ETFs below have the lowest correlation with PBI.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 PBI.TO.
Best Diversifiers for PBI.TO
8 ETFs have low correlation with PBI.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Purpose Diversified Real Asset Fund (PRA.TO) (Diversified Portfolio) with a 1Y correlation of 0.03, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Purpose Diversified Real Asset Fund | 0.03 | 0.13 | 0.18 | 95 | Diversified Portfolio, Global Allocation, Natural Resources, Actively Managed | PBI.TO vs PRA.TO | |
| Desjardins RI USA Multifactor - Net-Zero Emissions... | 0.19 | 0.16 | 0.13 | 87 | Large Cap Blend Equities, Sustainable, Multi-factor | PBI.TO vs DRFU.TO | |
| Purpose Multi-Asset Income Fund | 0.20 | 0.23 | 0.27 | 97 | Derivative Income, Dividend, Tactical Allocation, Diversified Portfolio | PBI.TO vs PINC.TO | |
| Vanguard U.S. Dividend Appreciation Index ETF | 0.20 | 0.25 | 0.28 | 80 | Dividend, Large Cap Blend Equities | PBI.TO vs VGG.TO | |
| Purpose International Dividend Fund | 0.21 | 0.21 | 0.24 | 81 | Foreign Large Cap Equities, Dividend, Actively Managed | PBI.TO vs PID.TO |
See all 17 diversifiers for PBI.TO
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Diversification Analysis
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