Looking to diversify beyond QIF.NEO? The ETFs below have the lowest correlation with QIF.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 QIF.NEO.
Best Diversifiers for QIF.NEO
2 ETFs have low correlation with QIF.NEO (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Enhanced Canadian Oil and Gas Equity Cove... | 0.17 | — | — | 88 | Energy Equities, Derivative Income | QIF.NEO vs ENCL.TO | |
| BMO Equal Weight Industrials Index ETF | 0.21 | 0.22 | 0.27 | 83 | Industrials Equities, Equal Weight | QIF.NEO vs ZIN.TO | |
| Dynamic Active Global Infrastructure ETF | 0.48 | 0.44 | 0.41 | 69 | Industrials Equities | QIF.NEO vs DXN.TO | |
| BMO Global Infrastructure Index ETF | 0.51 | 0.68 | 0.67 | 52 | Industrials Equities | QIF.NEO vs ZGI.TO |
Build a portfolio that complements QIF.NEO
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