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Purpose Enhanced Dividend Fund ETF (PDIV.TO) Diversifiers

ETF · Currency in CAD · Last updated Jun 5, 2026

The Purpose Enhanced Dividend Fund ETF seeks long-term capital appreciation by investing in a high-quality portfolio of North American dividend-paying equity securities, complemented by a cash-covered put writing strategy to enhance yield and reduce tracking error to broad equity indices.

Looking to diversify beyond PDIV.TO? The ETFs below have the lowest correlation with PDIV.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 PDIV.TO.

Best Diversifiers for PDIV.TO

7 ETFs have low correlation with PDIV.TO (below 0.3), 1 of which are negatively correlated. The least correlated is Purpose Cash Management Fund (MNY.TO) (Money Market) with a 1Y correlation of -0.02, roughly unchanged from 0.01 over 3 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
MNY.TO
Purpose Cash Management Fund-0.020.01—
100
Money MarketPDIV.TO vs MNY.TO
MNU-U.TO
Purpose USD Cash Management ETF0.020.02—
99
Ultrashort Bond, Money MarketPDIV.TO vs MNU-U.TO
PSU-U.TO
Purpose US Cash Fund0.05-0.010.00
99
Money MarketPDIV.TO vs PSU-U.TO
PSA.TO
Purpose High Interest Savings Fund0.080.060.02
100
Money MarketPDIV.TO vs PSA.TO
YAVG.NEO
Broadcom (AVGO) Yield Shares Purpose ETF0.16——
70
Derivative Income, SemiconductorsPDIV.TO vs YAVG.NEO
See all 28 diversifiers for PDIV.TO

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Diversification Analysis

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