Looking to diversify beyond PFIA.TO? The ETFs below have the lowest correlation with PFIA.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 PFIA.TO.
Best Diversifiers for PFIA.TO
8 ETFs have low correlation with PFIA.TO (below 0.3), 7 of which are negatively correlated. The least correlated is Global X High Interest Savings ETF (CASH.TO) (Money Market) with a 1Y correlation of -0.07, down from 0.05 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X High Interest Savings ETF | -0.07 | 0.05 | — | 100 | Money Market | PFIA.TO vs CASH.TO | |
| iShares Core MSCI Canadian Quality Dividend Index ... | -0.06 | 0.01 | 0.04 | 98 | Dividend, Large Cap Value Equities | PFIA.TO vs XDIV.TO | |
| BMO Money Market Fund ETF Series | -0.05 | 0.01 | — | 100 | Money Market | PFIA.TO vs ZMMK.TO | |
| iShares Core Balanced ETF Portfolio | -0.05 | 0.02 | 0.06 | 65 | Diversified Portfolio | PFIA.TO vs XBAL.TO | |
| iShares Core Conservative Balanced ETF Portfolio | -0.03 | 0.05 | 0.09 | 60 | Diversified Portfolio | PFIA.TO vs XCNS.TO |
See all 8 diversifiers for PFIA.TO
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Diversification Analysis
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