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Invesco RAFI Canadian Index ETF (PXC.TO) Diversifiers

ETF · Currency in CAD · Last updated Jun 17, 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

7 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 0.04, down from 0.41 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
INOC.TO
Global X Inovestor Canadian Equity Index ETF0.040.360.41
61
Canada EquitiesPXC.TO vs INOC.TO
XEG.TO
iShares S&P/TSX Capped Energy Index ETF0.260.400.52
62
Energy Equities, Canada EquitiesPXC.TO vs XEG.TO
QQCE.TO
Invesco ESG NASDAQ 100 Index ETF0.270.26—
74
Nasdaq-100PXC.TO vs QQCE.TO
PZW.TO
Invesco FTSE RAFI Global Small-Mid ETF0.280.310.37
77
Global EquitiesPXC.TO vs PZW.TO
INAI.TO
Invesco Morningstar Global Next Gen AI Index ETF0.29——
51
Technology EquitiesPXC.TO vs INAI.TO
See all 31 diversifiers for PXC.TO

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Diversification Analysis

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