Looking to diversify beyond PSB.TO? The ETFs below have the lowest correlation with PSB.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 PSB.TO.
Best Diversifiers for PSB.TO
19 ETFs have low correlation with PSB.TO (below 0.3), 1 of which are negatively correlated. The least correlated is Mackenzie Floating Rate Income ETF (MFT.TO) (Corporate Bonds) with a 1Y correlation of -0.04, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Mackenzie Floating Rate Income ETF | -0.04 | 0.02 | 0.05 | 55 | Corporate Bonds | PSB.TO vs MFT.TO | |
| CI Alternative Investment Grade Credit Fund | 0.01 | 0.11 | 0.12 | 71 | Investment Grade Bonds, Long-Short, Nontraditional Bonds, Actively Managed | PSB.TO vs CRED.TO | |
| Arrow EC Income Advantage Alternative Fund | 0.07 | -0.00 | -0.02 | 72 | Investment Grade Bonds, Corporate Bonds, Nontraditional Bonds | PSB.TO vs RATE.TO | |
| CIBC Active Investment Grade Floating Rate Bond ET... | 0.09 | 0.03 | 0.03 | 94 | Corporate Bonds, Investment Grade Bonds | PSB.TO vs CFRN.TO | |
| Invesco S&P/TSX Composite Low Volatility Index ETF | 0.10 | 0.17 | 0.18 | 97 | Canada Equities, Low Volatility | PSB.TO vs TLV.TO |
See all 26 diversifiers for PSB.TO
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