Looking to diversify beyond PSU-U.TO? The ETFs below have historically moved differently from PSU-U.TO, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for PSU-U.TO
15 ETFs have low correlation with PSU-U.TO (below 0.3), 4 of which are negatively correlated. The least correlated is Evolve High Interest Savings Account ETF (HISA.NEO) (Money Market) with a 1Y correlation of -0.07, roughly unchanged from -0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Evolve High Interest Savings Account ETF | -0.07 | -0.02 | -0.00 | 99 | Money Market | PSU-U.TO vs HISA.NEO | |
| Purpose Enhanced Dividend Fund ETF | -0.05 | -0.08 | -0.16 | 94 | Dividend | PSU-U.TO vs PDIV.TO | |
| Purpose Strategic Yield Fund | -0.05 | -0.00 | 0.01 | 95 | High Yield Bonds, Corporate Bonds | PSU-U.TO vs SYLD.TO | |
| Global X USD Cash Maximizer Corporate Class ETF | -0.02 | 0.08 | 0.16 | 96 | Money Market | PSU-U.TO vs HSUV-U.TO | |
| CIBC Premium Cash Management ETF | 0.00 | — | — | 99 | Money Market | PSU-U.TO vs CCAD.TO |
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