Looking to diversify beyond RATE.TO? The ETFs below have the lowest correlation with RATE.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 RATE.TO.
Best Diversifiers for RATE.TO
12 ETFs have low correlation with RATE.TO (below 0.3), 4 of which are negatively correlated. The least correlated is BMO Money Market Fund ETF Series (ZMMK.TO) (Money Market) with a 1Y correlation of -0.10, roughly unchanged from -0.07 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BMO Money Market Fund ETF Series | -0.10 | -0.07 | — | 100 | Money Market | RATE.TO vs ZMMK.TO | |
| CI Auspice Broad Commodity Fund ETF Hedged Units | -0.03 | 0.02 | — | 63 | Commodities | RATE.TO vs CCOM.TO | |
| Purpose High Interest Savings Fund | -0.03 | 0.01 | 0.01 | 100 | Money Market | RATE.TO vs PSA.TO | |
| Global X High Interest Savings ETF | -0.03 | 0.02 | — | 100 | Money Market | RATE.TO vs CASH.TO | |
| BMO CA High Dividend Covered Call ETF | 0.01 | -0.04 | -0.00 | 93 | Derivative Income | RATE.TO vs ZWC.TO |
See all 12 diversifiers for RATE.TO
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