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
12 ETFs have low correlation with QQC-F.TO (below 0.3), 2 of which are negatively correlated. The least correlated is Global X High Interest Savings ETF (CASH.TO) (Money Market) with a 1Y correlation of -0.06, roughly unchanged from 0.02 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X High Interest Savings ETF | -0.06 | 0.02 | — | 100 | Money Market | QQC-F.TO vs CASH.TO | |
| iShares Premium Money Market ETF | -0.02 | 0.02 | 0.01 | 99 | Money Market | QQC-F.TO vs CMR.TO | |
| Brompton Canadian Cash Flow Kings ETF | 0.02 | 0.12 | 0.12 | 97 | Large Cap Blend Equities | QQC-F.TO vs KNGC.TO | |
| Evolve US High Interest Savings Account Fund | 0.03 | 0.06 | — | 99 | Money Market | QQC-F.TO vs HISU-U.TO | |
| Global X 0-3 Month T-Bill ETF | 0.06 | 0.04 | 0.03 | 99 | Canadian Government Bonds | QQC-F.TO vs CBIL.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 -0.21, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enbridge Inc. | -0.21 | -0.00 | 0.13 | 81 | Energy | |
| Canadian Natural Resources Limited | -0.15 | 0.05 | 0.13 | 86 | Energy | |
| 5N Plus Inc. | 0.36 | 0.34 | 0.33 | 99 | Basic Materials | |
| The Toronto-Dominion Bank | 0.39 | 0.30 | 0.33 | 98 | Financial Services | |
| Cameco Corporation | 0.44 | 0.39 | 0.38 | 84 | Energy |
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