Looking to diversify beyond QQC.TO? The ETFs below have historically moved differently from QQC.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 QQC.TO
25 ETFs have low correlation with QQC.TO (below 0.3), 6 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Evolve Canadian Utilities Enhanced Yield Index Fun... | -0.33 | — | — | 67 | Utilities Equities, Derivative Income, Leveraged Equities | QQC.TO vs UTES.TO | |
| Hamilton Utilities YIELD MAXIMIZER ETF | -0.21 | 0.06 | — | 77 | Derivative Income, Utilities Equities | QQC.TO vs UMAX.TO | |
| iShares S&P/TSX Capped Energy Index ETF | -0.14 | 0.02 | 0.09 | 89 | Energy Equities, Canada Equities | QQC.TO vs XEG.TO | |
| iShares Premium Money Market ETF | -0.05 | 0.04 | 0.03 | 100 | Money Market | QQC.TO vs CMR.TO | |
| Invesco Canadian Government Floating Rate Index ET... | -0.03 | -0.03 | 0.01 | 98 | Canadian Government Bonds | QQC.TO vs PFL.TO |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for QQC.TO, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Fortis Inc. (FTS.TO) (Utilities) with a 1Y correlation of -0.34, down from -0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Fortis Inc. | -0.34 | -0.13 | -0.05 | 87 | Utilities | |
| Enbridge Inc. | -0.25 | -0.06 | 0.04 | 87 | Energy | |
| Loblaw Companies Limited | -0.18 | 0.06 | 0.09 | 69 | Consumer Defensive | |
| Canadian Natural Resources Limited | -0.15 | 0.04 | 0.09 | 88 | Energy | |
| Tourmaline Oil Corp. | -0.12 | 0.01 | 0.05 | 56 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements QQC.TO
Add QQC.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with QQC.TO