Looking to diversify beyond QQQX.TO? The ETFs below have historically moved differently from QQQX.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 QQQX.TO
4 ETFs have low correlation with QQQX.TO (below 0.3), 2 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Canadian Oil and Gas Equity Covered Call ... | -0.16 | — | — | 93 | Derivative Income, Energy Equities | QQQX.TO vs ENCC.TO | |
| Global X High Interest Savings ETF | -0.00 | — | — | 100 | Money Market | QQQX.TO vs CASH.TO | |
| Global X Cash Maximizer Corporate Class ETF | 0.08 | — | — | 65 | Money Market | QQQX.TO vs HSAV.TO | |
| Global X 0-3 Month T-Bill ETF | 0.10 | — | — | 99 | Canadian Government Bonds | QQQX.TO vs CBIL.TO | |
| Global X Equal Weight Banks Index ETF | 0.41 | — | — | 98 | Financials Equities, Equal Weight | QQQX.TO vs HBNK.TO |
See all 22 diversifiers for QQQX.TO
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