Looking to diversify beyond PCOR.TO? The ETFs below have the lowest correlation with PCOR.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 PCOR.TO.
Best Diversifiers for PCOR.TO
2 ETFs have low correlation with PCOR.TO (below 0.3), 0 of which are negatively correlated. The least correlated is PIMCO Global Short Maturity Fund (Canada) (PMNT.TO) (Ultrashort Bond) with a 1Y correlation of 0.04, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO Global Short Maturity Fund (Canada) | 0.04 | 0.01 | 0.06 | 77 | Ultrashort Bond, Global Bonds, Investment Grade Bonds, Actively Managed | PCOR.TO vs PMNT.TO | |
| Dynamic Active Ultra Short Term Bond ETF | 0.15 | 0.24 | 0.31 | 92 | Ultrashort Bond, Corporate Bonds, Actively Managed | PCOR.TO vs DXV.TO |
Diversification Analysis
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