Looking to diversify beyond RBNK.TO? The ETFs below have historically moved differently from RBNK.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 RBNK.TO
5 ETFs have low correlation with RBNK.TO (below 0.3), 1 of which are negatively correlated. The least correlated is iShares S&P/TSX Capped Energy Index ETF (XEG.TO) (Energy Equities) with a 1Y correlation of -0.17, down from 0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P/TSX Capped Energy Index ETF | -0.17 | 0.11 | 0.26 | 89 | Energy Equities, Canada Equities | RBNK.TO vs XEG.TO | |
| RBC Target 2026 Canadian Corporate Bond Index ETF | 0.01 | 0.11 | 0.06 | 98 | Short-Term Bond, Corporate Bonds | RBNK.TO vs RQO.TO | |
| RBC Canadian Preferred Share ETF | 0.14 | 0.20 | 0.26 | 97 | Preferred Stock | RBNK.TO vs RPF.TO | |
| RBC Target 2027 Canadian Corporate Bond Index ETF | 0.18 | 0.19 | 0.13 | 95 | Short-Term Bond, Corporate Bonds | RBNK.TO vs RQP.TO | |
| RBC Quant European Dividend Leaders CAD Hedged ETF | 0.23 | 0.27 | 0.32 | 94 | Europe Equities, Dividend, Actively Managed | RBNK.TO vs RPDH.TO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for RBNK.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 Natural Resources Limited (CNQ.TO) (Energy) with a 1Y correlation of -0.17, down from 0.25 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Canadian Natural Resources Limited | -0.17 | 0.10 | 0.25 | 88 | Energy | |
| Whitecap Resources Inc. | -0.13 | 0.09 | 0.22 | 93 | Energy | |
| Extendicare Inc. | 0.08 | 0.20 | 0.27 | 99 | Healthcare | |
| Hammond Power Solutions Inc | 0.22 | 0.27 | 0.25 | 85 | Industrials | |
| Kraken Robotics Inc | 0.29 | 0.20 | 0.18 | 74 | Technology |
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