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Purpose High Interest Savings Fund (PSA.TO) Diversifiers

ETF · Currency in CAD · Last updated Jul 14, 2026

The fund aims to minimize risk by allocating assets to high-interest deposit accounts with Schedule I Canadian banks and short-term Bank of Canada Treasury Bills, backed by the Canadian government.

Looking to diversify beyond PSA.TO? The ETFs below have the lowest correlation with PSA.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 PSA.TO.

Best Diversifiers for PSA.TO

64 ETFs have low correlation with PSA.TO (below 0.3), 8 of which are negatively correlated. The least correlated is BMO Ultra Short-Term Bond ETF (ZST.TO) (Ultrashort Bond) with a 1Y correlation of -0.15, down from 0.11 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
ZST.TO
BMO Ultra Short-Term Bond ETF-0.150.120.11
55
Ultrashort BondPSA.TO vs ZST.TO
ZUCM.TO
BMO USD Cash Management ETF-0.11——
60
Money MarketPSA.TO vs ZUCM.TO
ZMMK.TO
BMO Money Market Fund ETF Series-0.04-0.00—
99
Money MarketPSA.TO vs ZMMK.TO
PMM.TO
Purpose Multi-Strategy Market Neutral Fund-0.040.050.07
77
Long-ShortPSA.TO vs PMM.TO
ZEM.TO
BMO MSCI Emerging Markets Index ETF-0.030.020.04
72
Emerging Markets EquitiesPSA.TO vs ZEM.TO
See all 64 diversifiers for PSA.TO

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from PSA.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PSA.TO and solid risk/return profiles. The least correlated is Canadian Natural Resources Limited (CNQ.TO) (Energy) with a 1Y correlation of 0.01, roughly unchanged from 0.03 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
CNQ.TO
Canadian Natural Resources Limited0.010.010.03
83
Energy
TRP.TO
TC Energy Corporation0.030.080.06
97
Energy
FTS.TO
Fortis Inc.0.050.050.03
93
Utilities

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Diversification Analysis

Build a portfolio that complements PSA.TO

Add PSA.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with PSA.TO