Looking to diversify beyond QQCE.TO? The ETFs below have historically moved differently from QQCE.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 QQCE.TO
6 ETFs have low correlation with QQCE.TO (below 0.3), 1 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 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Canadian Government Floating Rate Index ET... | -0.06 | -0.01 | — | 98 | Canadian Government Bonds | QQCE.TO vs PFL.TO | |
| Invesco S&P/TSX Composite Low Volatility Index ETF | 0.09 | 0.18 | — | 97 | Canada Equities, Low Volatility | QQCE.TO vs TLV.TO | |
| Invesco Canadian Dividend Index ETF | 0.19 | 0.22 | — | 98 | Dividend, Canada Equities | QQCE.TO vs PDC.TO | |
| Invesco RAFI U.S. Index ETF II CAD | 0.20 | 0.32 | — | 95 | Large Cap Value Equities | QQCE.TO vs PXS.TO | |
| Invesco FTSE RAFI Global Small-Mid ETF | 0.21 | 0.25 | — | 80 | Foreign Small & Mid Cap Equities | QQCE.TO vs PZW.TO |
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