Looking to diversify beyond PREF.TO? The ETFs below have the lowest correlation with PREF.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 PREF.TO.
Best Diversifiers for PREF.TO
11 ETFs have low correlation with PREF.TO (below 0.3), 1 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| CI Preferred Share ETF | -0.04 | — | — | 90 | Preferred Stock/Convertible Bonds | PREF.TO vs FPR.TO | |
| Desjardins Canadian Preferred Share Index ETF | 0.01 | — | — | 91 | Preferred Stock/Convertible Bonds | PREF.TO vs DCP.TO | |
| Lysander-Slater Preferred Share ActivETF | 0.04 | — | — | 92 | Preferred Stock/Convertible Bonds | PREF.TO vs PR.TO | |
| TD Active Preferred Share ETF | 0.08 | — | — | 97 | Preferred Stock/Convertible Bonds | PREF.TO vs TPRF.TO | |
| Global X Active Hybrid Bond and Preferred Share ET... | 0.09 | — | — | 92 | Preferred Stock/Convertible Bonds | PREF.TO vs HYBR.TO |
See all 12 diversifiers for PREF.TO
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Diversification Analysis
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