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Mackenzie International Equity Index ETF (QDX.TO) Diversifiers

ETF · Currency in CAD · Last updated Jun 4, 2026

The Mackenzie International Equity Index ETF seeks to replicate the performance of the Solactive GBS Developed Markets ex North America Large & Mid Cap CAD Index by investing primarily in equities of developed countries outside Canada and the United States.

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

Best Diversifiers for QDX.TO

1 ETFs have low correlation with QDX.TO (below 0.3), 0 of which are negatively correlated.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
MAAA.TO
Mackenzie AAA CLO ETF0.12——
82
CLOQDX.TO vs MAAA.TO
QDXH.TO
Mackenzie International Equity Index ETF (CAD-Hedg...0.360.330.31
67
International EquityQDX.TO vs QDXH.TO
ZXM.TO
CI Morningstar International Momentum Index ETF Co...0.420.360.39
71
Momentum, Foreign Large Cap EquitiesQDX.TO vs ZXM.TO
MGRW.TO
Mackenzie Growth Allocation ETF0.510.450.43
83
Diversified PortfolioQDX.TO vs MGRW.TO
QCN.TO
Mackenzie Canadian Equity Index ETF0.610.570.51
80
Canada EquitiesQDX.TO vs QCN.TO
See all 10 diversifiers for QDX.TO

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Diversification Analysis

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