Looking to diversify beyond PMIF-U.TO? The ETFs below have the lowest correlation with PMIF-U.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 PMIF-U.TO.
Best Diversifiers for PMIF-U.TO
8 ETFs have low correlation with PMIF-U.TO (below 0.3), 1 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Ninepoint Energy ETF | -0.31 | — | — | 64 | Energy Equities | PMIF-U.TO vs NNRG.NEO | |
| iShares S&P/TSX Composite High Dividend Index ETF | 0.02 | 0.11 | 0.11 | 98 | Canada Equities | PMIF-U.TO vs XEI.TO | |
| iShares Core Canadian Short Term Corporate Bond In... | 0.13 | — | — | 65 | Canadian Government Bonds | PMIF-U.TO vs XSH.TO | |
| iShares International Fundamental Common Class | 0.15 | 0.09 | 0.09 | 87 | Global Equities | PMIF-U.TO vs CIE.NEO | |
| Fidelity U.S. Value ETF | 0.17 | — | — | 86 | Large Cap Value Equities | PMIF-U.TO vs FCUV.TO |
See all 9 diversifiers for PMIF-U.TO
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Diversification Analysis
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