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Invesco RAFI Canadian Index ETF (PXC.TO) Diversifiers

ETF · Currency in CAD · Last updated Jul 16, 2026

Invesco RAFI Canadian Index ETF seeks to replicate, before fees and expenses, the performance of the RAFI Canada Index. The index uses a fundamentals-based, rules-driven approach that selects and weights large Canadian companies by fundamental measures such as sales, cash flow, dividends, and book value rather than market capitalization, resulting in a value tilt relative to the broad market. Managed by Invesco Canada, it trades on the Toronto Stock Exchange.

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

Best Diversifiers for PXC.TO

10 ETFs have low correlation with PXC.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Global X Inovestor Canadian Equity Index ETF (INOC.TO) (Canada Equities) with a 1Y correlation of 0.07, down from 0.42 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
INOC.TO
Global X Inovestor Canadian Equity Index ETF0.070.360.42
67
Canada EquitiesPXC.TO vs INOC.TO
QQCE.TO
Invesco ESG NASDAQ 100 Index ETF0.240.240.18
62
Nasdaq-100PXC.TO vs QQCE.TO
PXS.TO
Invesco RAFI U.S. Index ETF II CAD0.260.380.39
95
Large Cap Value EquitiesPXC.TO vs PXS.TO
XEG.TO
iShares S&P/TSX Capped Energy Index ETF0.260.390.51
78
Energy Equities, Canada EquitiesPXC.TO vs XEG.TO
QQC.TO
Invesco NASDAQ 100 Index ETF CAD Hedged0.260.300.33
66
Nasdaq-100PXC.TO vs QQC.TO
See all 57 diversifiers for PXC.TO

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Diversification Analysis

Build a portfolio that complements PXC.TO

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

Analyze a portfolio with PXC.TO