Looking to diversify beyond PFIA.TO? The ETFs below have historically moved differently from PFIA.TO, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for PFIA.TO
16 ETFs have low correlation with PFIA.TO (below 0.3), 11 of which are negatively correlated. The least correlated is iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO) (Quality Factor) with a 1Y correlation of -0.09, down from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core MSCI Canadian Quality Dividend Index ... | -0.09 | 0.01 | 0.04 | 98 | Quality Factor, Dividend, Large Cap Value Equities | PFIA.TO vs XDIV.TO | |
| BMO Money Market Fund ETF Series | -0.09 | -0.02 | — | 99 | Money Market | PFIA.TO vs ZMMK.TO | |
| iShares Core Balanced ETF Portfolio | -0.07 | 0.02 | 0.05 | 67 | Diversified Portfolio | PFIA.TO vs XBAL.TO | |
| BMO Low Volatility Canadian Equity ETF | -0.06 | -0.00 | 0.02 | 56 | Canada Equities, Low Volatility | PFIA.TO vs ZLB.TO | |
| iShares Core Conservative Balanced ETF Portfolio | -0.05 | 0.05 | 0.08 | 69 | Diversified Portfolio | PFIA.TO vs XCNS.TO |
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