Looking to diversify beyond PRA.TO? The ETFs below have the lowest correlation with PRA.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 PRA.TO.
Best Diversifiers for PRA.TO
4 ETFs have low correlation with PRA.TO (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Core S&P 500 Index ETF (XUS.TO) (S&P 500) with a 1Y correlation of 0.19, roughly unchanged from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core S&P 500 Index ETF | 0.19 | 0.25 | 0.29 | 73 | S&P 500 | PRA.TO vs XUS.TO | |
| iShares Core Balanced ETF Portfolio | 0.25 | 0.35 | 0.38 | 61 | Diversified Portfolio | PRA.TO vs XBAL.TO | |
| Purpose Multi-Strategy Market Neutral Fund | 0.26 | 0.18 | 0.16 | 64 | Long-Short | PRA.TO vs PMM.TO | |
| Vanguard FTSE Emerging Markets All Cap Index ETF | 0.29 | 0.34 | 0.31 | 60 | Emerging Markets Equities | PRA.TO vs VEE.TO | |
| iShares Core Equity ETF Portfolio | 0.31 | 0.38 | 0.42 | 75 | Global Equities | PRA.TO vs XEQT.TO |
See all 10 diversifiers for PRA.TO
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