Looking to diversify beyond QQQL.TO? The ETFs below have the lowest correlation with QQQL.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 QQQL.TO.
Best Diversifiers for QQQL.TO
11 ETFs have low correlation with QQQL.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... | -0.19 | — | — | 76 | Derivative Income | QQQL.TO vs UTES.TO | |
| Global X 0-3 Month T-Bill ETF | -0.11 | — | — | 99 | Canadian Government Bonds | QQQL.TO vs CBIL.TO | |
| Global X High Interest Savings ETF | -0.10 | — | — | 100 | Money Market | QQQL.TO vs CASH.TO | |
| Global X Canadian Oil and Gas Equity Covered Call ... | -0.04 | 0.04 | 0.04 | 87 | Derivative Income, Energy Equities | QQQL.TO vs ENCC.TO | |
| Global X Cash Maximizer Corporate Class ETF | 0.02 | — | — | 67 | Bank Loan | QQQL.TO vs HSAV.TO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from QQQL.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to QQQL.TO and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Power Corporation of Canada | 0.14 | — | — | 94 | Financial Services |
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