Looking to diversify beyond QQQL.TO? The ETFs below have historically moved differently from QQQL.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 QQQL.TO
9 ETFs have low correlation with QQQL.TO (below 0.3), 3 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... | -0.29 | — | — | 67 | Utilities Equities, Derivative Income, Leveraged Equities | QQQL.TO vs UTES.TO | |
| Global X Canadian Oil and Gas Equity Covered Call ... | -0.05 | — | — | 93 | Derivative Income, Energy Equities | QQQL.TO vs ENCC.TO | |
| BetaPro S&P/TSX Capped Energy 2x Daily Bull ETF | -0.01 | — | — | 89 | Leveraged Equities | QQQL.TO vs NRGU.TO | |
| Global X High Interest Savings ETF | 0.01 | — | — | 100 | Money Market | QQQL.TO vs CASH.TO | |
| Global X Cash Maximizer Corporate Class ETF | 0.03 | — | — | 65 | Money Market | QQQL.TO vs HSAV.TO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for QQQL.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 |
|---|---|---|---|---|---|---|
| Power Corporation of Canada | 0.16 | — | — | 97 | Financial Services |
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