Looking to diversify beyond QQQT.TO? The ETFs below have historically moved differently from QQQT.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 QQQT.TO
8 ETFs have low correlation with QQQT.TO (below 0.3), 4 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... | -0.38 | — | — | 67 | Utilities Equities, Derivative Income, Leveraged Equities | QQQT.TO vs UTES.TO | |
| Evolve Canadian Energy Enhanced Yield Index Fund E... | -0.21 | — | — | 84 | Energy Equities | QQQT.TO vs OILY.TO | |
| Global X Enhanced Canadian Oil and Gas Equity Cove... | -0.18 | — | — | 92 | Energy Equities, Derivative Income | QQQT.TO vs ENCL.TO | |
| Harvest Equal Weight Global Utilities Enhanced Inc... | -0.11 | -0.08 | — | 54 | Derivative Income, Utilities Equities | QQQT.TO vs HUTE.TO | |
| Evolve High Interest Savings Account ETF | 0.00 | 0.01 | — | 99 | Money Market | QQQT.TO vs HISA.NEO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for QQQT.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 Canadian Pacific Railway Limited (CP.TO) (Industrials) with a 1Y correlation of 0.08, roughly unchanged from 0.15 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Canadian Pacific Railway Limited | 0.08 | 0.15 | — | 75 | Industrials | |
| Energy Fuels Inc. | 0.39 | 0.25 | — | 58 | Energy |
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