Looking to diversify beyond PMNT.TO? The ETFs below have the lowest correlation with PMNT.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 PMNT.TO.
Best Diversifiers for PMNT.TO
2 ETFs have low correlation with PMNT.TO (below 0.3), 2 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| TD Cash Management ETF | -0.03 | — | — | 99 | Ultrashort Bond | PMNT.TO vs TCSH.TO | |
| CI Alternative Investment Grade Credit Fund | -0.02 | -0.03 | -0.03 | 71 | Investment Grade Bonds, Long-Short, Nontraditional Bonds, Actively Managed | PMNT.TO vs CRED.TO |
Diversification Analysis
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