Looking to diversify beyond PFLS.TO? The ETFs below have the lowest correlation with PFLS.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 PFLS.TO.
Best Diversifiers for PFLS.TO
1 ETFs have low correlation with PFLS.TO (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Arrow EC Income Advantage Alternative Fund | 0.15 | -0.02 | 0.02 | 62 | PFLS.TO vs RATE.TO | ||
| BMO CA High Dividend Covered Call ETF | 0.50 | 0.45 | 0.48 | 92 | Derivative Income | PFLS.TO vs ZWC.TO | |
| Picton Mahoney Fortified Active Extension Alternat... | 0.67 | 0.39 | 0.45 | 67 | PFLS.TO vs PFAE.TO | ||
| TD Canadian Equity Index ETF | 0.73 | 0.60 | 0.61 | 80 | Canada Equities | PFLS.TO vs TTP.TO |
Diversification Analysis
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