Looking to diversify beyond PXS.TO? The ETFs below have historically moved differently from PXS.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 PXS.TO
17 ETFs have low correlation with PXS.TO (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Core MSCI US Quality Dividend Index ETF (XDU.TO) (Quality Factor) with a 1Y correlation of 0.16, down from 0.39 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core MSCI US Quality Dividend Index ETF | 0.16 | 0.39 | 0.39 | 77 | Quality Factor, Large Cap Value Equities, Dividend | PXS.TO vs XDU.TO | |
| Invesco NASDAQ 100 Index ETF CAD Hedged | 0.18 | 0.31 | 0.34 | 51 | Nasdaq-100 | PXS.TO vs QQC.TO | |
| iShares Core MSCI Canadian Quality Dividend Index ... | 0.19 | 0.34 | 0.37 | 98 | Quality Factor, Dividend, Large Cap Value Equities | PXS.TO vs XDIV.TO | |
| Invesco ESG NASDAQ 100 Index ETF | 0.20 | 0.32 | — | 53 | Nasdaq-100 | PXS.TO vs QQCE.TO | |
| iShares Core MSCI US Quality Dividend Index ETF (C... | 0.21 | 0.41 | 0.44 | 68 | Quality Factor, Large Cap Value Equities, Dividend | PXS.TO vs XDUH.TO |
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