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Invesco RAFI U.S. Index ETF II CAD (PXS.TO) Diversifiers

ETF · Currency in CAD · Last updated Jun 17, 2026

Invesco RAFI U.S. Index ETF II (CAD) seeks to replicate, before fees and expenses, the performance of the RAFI Fundamental Select US 1000 Index. The index applies a fundamentals-based, rules-driven methodology that weights large U.S. companies by measures such as sales, cash flow, dividends, and book value rather than market capitalization, producing a value tilt relative to the broad market. Managed by Invesco Canada, it trades on the Toronto Stock Exchange.

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

Best Diversifiers for PXS.TO

13 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) (Large Cap Value Equities) with a 1Y correlation of 0.16, down from 0.39 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
XDU.TO
iShares Core MSCI US Quality Dividend Index ETF0.160.410.39
59
Large Cap Value Equities, DividendPXS.TO vs XDU.TO
XDIV.TO
iShares Core MSCI Canadian Quality Dividend Index ...0.200.360.38
98
Dividend, Large Cap Value EquitiesPXS.TO vs XDIV.TO
EQLI.TO
Invesco S&P 500 Equal Weight Income Advantage ETF0.20——
81
S&P 500, Derivative Income, Equal WeightPXS.TO vs EQLI.TO
QQC-F.TO
Invesco NASDAQ 100 Index ETF CAD Hedged0.210.320.34
59
Nasdaq-100PXS.TO vs QQC-F.TO
INAI.TO
Invesco Morningstar Global Next Gen AI Index ETF0.22——
51
Technology EquitiesPXS.TO vs INAI.TO
See all 16 diversifiers for PXS.TO

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Diversification Analysis

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