Looking to diversify beyond QDAY.NEO? The ETFs below have the lowest correlation with QDAY.NEO — 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 QDAY.NEO.
Best Diversifiers for QDAY.NEO
2 ETFs have low correlation with QDAY.NEO (below 0.3), 2 of which are negatively correlated. The least correlated is Evolve Canadian Utilities Enhanced Yield Index Fund ETF (UTES.TO) (Derivative Income) with a 1Y correlation of -0.32, roughly unchanged from -0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Evolve Canadian Utilities Enhanced Yield Index Fun... | -0.32 | -0.32 | -0.32 | 86 | Derivative Income | QDAY.NEO vs UTES.TO | |
| Global X High Interest Savings ETF | -0.06 | -0.06 | -0.06 | 100 | Money Market | QDAY.NEO vs CASH.TO | |
| Invesco S&P 500 Equal Weight Income Advantage ETF | 0.47 | 0.47 | 0.47 | 75 | S&P 500, Derivative Income | QDAY.NEO vs EQLI.TO | |
| iShares Core Equity ETF Portfolio | 0.72 | 0.72 | 0.72 | 80 | Global Equities | QDAY.NEO vs XEQT.TO | |
| Vanguard S&P 500 Index ETF | 0.82 | 0.82 | 0.82 | 76 | S&P 500 | QDAY.NEO vs VFV.TO |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements QDAY.NEO
Add QDAY.NEO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with QDAY.NEO