Looking to diversify beyond PZW.TO? The ETFs below have the lowest correlation with PZW.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 PZW.TO.
Best Diversifiers for PZW.TO
15 ETFs have low correlation with PZW.TO (below 0.3), 0 of which are negatively correlated. The least correlated is TD Active Global Infrastructure Equity ETF (TINF.TO) (Global Equities) with a 1Y correlation of 0.12, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| TD Active Global Infrastructure Equity ETF | 0.12 | 0.20 | 0.30 | 53 | Global Equities | PZW.TO vs TINF.TO | |
| iShares Core MSCI Global Quality Dividend Index ET... | 0.17 | 0.22 | 0.29 | 64 | Global Equities | PZW.TO vs XDGH.TO | |
| Invesco S&P/TSX Composite Low Volatility Index ETF | 0.20 | 0.25 | 0.30 | 95 | Canada Equities | PZW.TO vs TLV.TO | |
| Invesco NASDAQ 100 Index ETF CAD Hedged | 0.24 | 0.25 | 0.32 | 58 | Nasdaq-100 | PZW.TO vs QQC-F.TO | |
| Invesco S&P 500 Equal Weight Income Advantage ETF | 0.25 | — | — | 75 | S&P 500, Derivative Income | PZW.TO vs EQLI.TO |
See all 18 diversifiers for PZW.TO
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