Looking to diversify beyond QQQX.TO? The ETFs below have the lowest correlation with QQQX.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 QQQX.TO.
Best Diversifiers for QQQX.TO
4 ETFs have low correlation with QQQX.TO (below 0.3), 2 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Canadian Oil and Gas Equity Covered Call ... | -0.16 | — | — | 77 | Derivative Income, Energy Equities | QQQX.TO vs ENCC.TO | |
| Global X High Interest Savings ETF | -0.03 | — | — | 99 | Money Market | QQQX.TO vs CASH.TO | |
| Global X 0-3 Month T-Bill ETF | 0.07 | — | — | 99 | Canadian Government Bonds | QQQX.TO vs CBIL.TO | |
| Global X Cash Maximizer Corporate Class ETF | 0.09 | — | — | 61 | Money Market | QQQX.TO vs HSAV.TO | |
| Global X Equal Weight Banks Index ETF | 0.41 | — | — | 97 | Financials Equities, Equal Weight | QQQX.TO vs HBNK.TO |
See all 24 diversifiers for QQQX.TO
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements QQQX.TO
Add QQQX.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with QQQX.TO