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Mackenzie Canadian Equity Index ETF (QCN.TO) Diversifiers

ETF · Currency in CAD · Last updated Jul 1, 2026

This ETF employs market capitalization-weighted indexing to reduce portfolio turnover and transaction costs, while providing targeted exposure to specific market segments with daily transparency of holdings.

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

Best Diversifiers for QCN.TO

4 ETFs have low correlation with QCN.TO (below 0.3), 0 of which are negatively correlated. The least correlated is iShares S&P/TSX Capped Energy Index ETF (XEG.TO) (Energy Equities) with a 1Y correlation of 0.07, down from 0.42 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
XEG.TO
iShares S&P/TSX Capped Energy Index ETF0.070.320.43
64
Energy Equities, Canada EquitiesQCN.TO vs XEG.TO
INOC.TO
Global X Inovestor Canadian Equity Index ETF0.110.400.45
68
Canada EquitiesQCN.TO vs INOC.TO
MAAA.TO
Mackenzie AAA CLO ETF0.11——
88
CLOQCN.TO vs MAAA.TO
QDXH.TO
Mackenzie International Equity Index ETF (CAD-Hedg...0.200.230.21
79
International EquityQCN.TO vs QDXH.TO
HXH.TO
Global X Canadian High Dividend Index Corporate Cl...0.360.560.56
98
Canada EquitiesQCN.TO vs HXH.TO
See all 60 diversifiers for QCN.TO

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Diversification Analysis

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Add QCN.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

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