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Mackenzie International Equity Index ETF (QDX.TO) Diversifiers

ETF · Currency in CAD · Last updated Aug 4, 2026
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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 historically moved differently from QDX.TO, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.

Best Diversifiers for QDX.TO

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

How candidates are selected
SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
MAAA.TO
Mackenzie AAA CLO ETF0.19——
92
CLOQDX.TO vs MAAA.TO
DXW.TO
Dynamic Active International Dividend ETF0.210.340.39
57
Foreign Large Cap Equities, DividendQDX.TO vs DXW.TO
QDXH.TO
Mackenzie International Equity Index ETF (CAD-Hedg...0.290.300.28
81
Foreign Large Cap EquitiesQDX.TO vs QDXH.TO
XML.TO
iShares MSCI Min Vol EAFE Index ETF (CAD-Hedged)0.310.330.35
77
Foreign Large Cap Equities, Low VolatilityQDX.TO vs XML.TO
QSB.TO
Mackenzie Canadian Short-Term Bond Index ETF0.350.190.20
59
Short-Term BondQDX.TO vs QSB.TO
See all 43 diversifiers for QDX.TO

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Diversification Analysis

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