Looking to diversify beyond QQC-F.TO? The ETFs below have the lowest correlation with QQC-F.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 QQC-F.TO.
Best Diversifiers for QQC-F.TO
18 ETFs have low correlation with QQC-F.TO (below 0.3), 3 of which are negatively correlated. The least correlated is Invesco Canadian Government Floating Rate Index ETF (PFL.TO) (Canadian Government Bonds) with a 1Y correlation of -0.06, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Canadian Government Floating Rate Index ET... | -0.06 | -0.02 | 0.01 | 98 | Canadian Government Bonds | QQC-F.TO vs PFL.TO | |
| iShares Premium Money Market ETF | -0.04 | 0.02 | 0.01 | 100 | Money Market | QQC-F.TO vs CMR.TO | |
| Global X High Interest Savings ETF | -0.00 | 0.03 | 0.01 | 100 | Money Market | QQC-F.TO vs CASH.TO | |
| iShares S&P/TSX Composite High Dividend Index ETF | 0.05 | 0.25 | 0.37 | 98 | Canada Equities | QQC-F.TO vs XEI.TO | |
| Brompton Canadian Cash Flow Kings ETF | 0.05 | — | — | 96 | Canada Equities | QQC-F.TO vs KNGC.TO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from QQC-F.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to QQC-F.TO and solid risk/return profiles. The least correlated is Enbridge Inc. (ENB.TO) (Energy) with a 1Y correlation of -0.29, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enbridge Inc. | -0.29 | -0.04 | 0.11 | 92 | Energy | |
| Loblaw Companies Limited | -0.21 | 0.05 | 0.07 | 71 | Consumer Defensive | |
| Canadian Natural Resources Limited | -0.12 | 0.05 | 0.13 | 85 | Energy | |
| Alimentation Couche-Tard Inc. | -0.02 | 0.15 | 0.26 | 74 | Consumer Cyclical | |
| Chartwell Retirement Residences | 0.12 | 0.18 | 0.26 | 82 | Real Estate |
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