Looking to diversify beyond QTIP.NEO? The ETFs below have the lowest correlation with QTIP.NEO — 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 QTIP.NEO.
Best Diversifiers for QTIP.NEO
6 ETFs have low correlation with QTIP.NEO (below 0.3), 1 of which are negatively correlated. The least correlated is BMO Money Market Fund ETF Series (ZMMK.TO) (Money Market) with a 1Y correlation of -0.09, roughly unchanged from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BMO Money Market Fund ETF Series | -0.09 | -0.03 | -0.03 | 100 | Money Market | QTIP.NEO vs ZMMK.TO | |
| Mackenzie Growth Allocation ETF | 0.00 | 0.10 | 0.08 | 84 | Diversified Portfolio | QTIP.NEO vs MGRW.TO | |
| Mackenzie AAA CLO ETF | 0.01 | -0.01 | -0.01 | 82 | CLO | QTIP.NEO vs MAAA.TO | |
| Mackenzie US Large Cap Equity Index ETF | 0.05 | 0.08 | 0.09 | 76 | Large Cap Blend Equities | QTIP.NEO vs QUU.TO | |
| Mackenzie International Equity Index ETF (CAD-Hedg... | 0.05 | 0.05 | 0.05 | 67 | International Equity | QTIP.NEO vs QDXH.TO |
See all 6 diversifiers for QTIP.NEO
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