Looking to diversify beyond QQCL.TO? The ETFs below have historically moved differently from QQCL.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 QQCL.TO
42 ETFs have low correlation with QQCL.TO (below 0.3), 18 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BetaPro Inverse Bitcoin ETF | -0.43 | — | — | 54 | Leveraged Cryptocurrency | QQCL.TO vs BITI.TO | |
| Evolve Canadian Utilities Enhanced Yield Index Fun... | -0.33 | — | — | 67 | Utilities Equities, Derivative Income, Leveraged Equities | QQCL.TO vs UTES.TO | |
| BMO Covered Call Utilities ETF | -0.25 | — | — | 67 | Utilities Equities, Derivative Income | QQCL.TO vs ZWU.TO | |
| Global X Equal Weight Canadian Pipelines Index ETF | -0.23 | — | — | 91 | Energy Equities, Equal Weight | QQCL.TO vs PPLN.TO | |
| Hamilton Utilities YIELD MAXIMIZER ETF | -0.20 | — | — | 77 | Derivative Income, Utilities Equities | QQCL.TO vs UMAX.TO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for QQCL.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.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enbridge Inc. | -0.24 | — | — | 87 | Energy | |
| Canadian Natural Resources Limited | -0.14 | 0.05 | 0.05 | 88 | Energy | |
| Power Corporation of Canada | 0.25 | — | — | 97 | Financial Services | |
| The Bank of Nova Scotia | 0.36 | — | — | 98 | Financial Services | |
| The Toronto-Dominion Bank | 0.38 | 0.30 | 0.30 | 99 | Financial Services |
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Build a portfolio that complements QQCL.TO
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