Looking to diversify beyond PINC.TO? The ETFs below have the lowest correlation with PINC.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 PINC.TO.
Best Diversifiers for PINC.TO
27 ETFs have low correlation with PINC.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 -0.04, roughly unchanged from 0.01 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Purpose Cash Management Fund | -0.04 | 0.01 | — | 100 | Money Market | PINC.TO vs MNY.TO | |
| Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhed... | 0.00 | — | — | 83 | Government Bonds, Derivative Income | PINC.TO vs HBIL-U.TO | |
| Arrow EC Income Advantage Alternative Fund | 0.01 | 0.03 | 0.07 | 72 | Investment Grade Bonds, Corporate Bonds, Nontraditional Bonds | PINC.TO vs RATE.TO | |
| Purpose Credit Opportunities Fund | 0.02 | 0.18 | — | 96 | Nontraditional Bonds, Multisector Bonds | PINC.TO vs CROP.TO | |
| Global X Enhanced Canadian Oil and Gas Equity Cove... | 0.09 | — | — | 94 | Energy Equities, Derivative Income | PINC.TO vs ENCL.TO |
See all 41 diversifiers for PINC.TO
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