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
10 ETFs have low correlation with PSB.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco S&P/TSX Composite Low Volatility Index ETF (TLV.TO) (Canada Equities) with a 1Y correlation of 0.12, roughly unchanged from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco S&P/TSX Composite Low Volatility Index ETF | 0.12 | 0.19 | 0.19 | 97 | Canada Equities | PSB.TO vs TLV.TO | |
| Invesco ESG NASDAQ 100 Index ETF | 0.14 | 0.09 | — | 68 | Nasdaq-100 | PSB.TO vs QQCE.TO | |
| Invesco NASDAQ 100 Income Advantage ETF | 0.15 | — | — | 84 | Nasdaq-100 | PSB.TO vs QQCI.TO | |
| Invesco S&P 500 ESG Index ETF | 0.17 | 0.14 | 0.13 | 77 | S&P 500, ESG | PSB.TO vs ESG.TO | |
| Invesco NASDAQ 100 Index ETF CAD Hedged | 0.17 | 0.11 | 0.12 | 72 | Nasdaq-100 | PSB.TO vs QQC.TO |
See all 13 diversifiers for PSB.TO
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