Looking to diversify beyond QQC.TO? The ETFs below have the lowest correlation with QQC.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.TO.
Best Diversifiers for QQC.TO
18 ETFs have low correlation with QQC.TO (below 0.3), 4 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Evolve Canadian Utilities Enhanced Yield Index Fun... | -0.28 | — | — | 86 | Derivative Income | QQC.TO vs UTES.TO | |
| Hamilton Utilities YIELD MAXIMIZER ETF | -0.14 | 0.09 | — | 74 | Derivative Income, Utilities Equities | QQC.TO vs UMAX.TO | |
| iShares S&P/TSX Capped Energy Index ETF | -0.14 | 0.04 | 0.09 | 62 | Energy Equities, Canada Equities | QQC.TO vs XEG.TO | |
| Global X High Interest Savings ETF | -0.05 | 0.02 | — | 99 | Money Market | QQC.TO vs CASH.TO | |
| iShares Premium Money Market ETF | 0.01 | 0.05 | 0.04 | 100 | Money Market | QQC.TO vs CMR.TO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from QQC.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to QQC.TO and solid risk/return profiles. The least correlated is Fortis Inc. (FTS.TO) (Utilities) with a 1Y correlation of -0.28, down from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Fortis Inc. | -0.28 | -0.11 | -0.04 | 89 | Utilities | |
| Enbridge Inc. | -0.23 | -0.05 | 0.05 | 89 | Energy | |
| Canadian Natural Resources Limited | -0.17 | 0.05 | 0.09 | 77 | Energy | |
| Cenovus Energy Inc. | -0.11 | 0.04 | 0.08 | 93 | Energy | |
| Loblaw Companies Limited | -0.10 | 0.09 | 0.11 | 62 | Consumer Defensive |
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