Looking to diversify beyond PYF.TO? The ETFs below have the lowest correlation with PYF.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 PYF.TO.
Best Diversifiers for PYF.TO
9 ETFs have low correlation with PYF.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Purpose Cash Management Fund (MNY.TO) (Money Market) with a 1Y correlation of 0.03, roughly unchanged from 0.10 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Purpose Cash Management Fund | 0.03 | 0.10 | — | 100 | Money Market | PYF.TO vs MNY.TO | |
| NVIDIA (NVDA) Yield Shares Purpose ETF | 0.05 | — | — | 62 | Derivative Income | PYF.TO vs YNVD.NEO | |
| Franklin Growth ETF Portfolio | 0.09 | 0.02 | 0.02 | 90 | Diversified Portfolio | PYF.TO vs GRO.TO | |
| Purpose High Interest Savings Fund | 0.09 | 0.12 | 0.12 | 100 | Money Market | PYF.TO vs PSA.TO | |
| Purpose Multi-Strategy Market Neutral Fund | 0.13 | 0.09 | 0.11 | 64 | Long-Short | PYF.TO vs PMM.TO |
See all 31 diversifiers for PYF.TO
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements PYF.TO
Add PYF.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PYF.TO