Looking to diversify beyond RCD.TO? The ETFs below have the lowest correlation with RCD.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 RCD.TO.
Best Diversifiers for RCD.TO
3 ETFs have low correlation with RCD.TO (below 0.3), 0 of which are negatively correlated. The least correlated is RBC Canadian Preferred Share ETF (RPF.TO) (Preferred Stock/Convertible Bonds) with a 1Y correlation of 0.15, roughly unchanged from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| RBC Canadian Preferred Share ETF | 0.15 | 0.17 | 0.19 | 97 | Preferred Stock/Convertible Bonds | RCD.TO vs RPF.TO | |
| YieldMax AMD Option Income Strategy ETF | 0.25 | 0.22 | 0.22 | 91 | Derivative Income, Options Trading | RCD.TO vs AMDY | |
| SPDR S&P Global Dividend Aristocrats UCITS | 0.26 | 0.31 | 0.30 | 73 | Global Equities, Dividend | RCD.TO vs GBDV.L | |
| VanEck Morningstar Developed Markets Dividend Lead... | 0.35 | 0.37 | 0.34 | 93 | Global Equities, Dividend | RCD.TO vs TDGB.L | |
| WisdomTree US Quality Dividend Growth UCITS ETF - ... | 0.36 | 0.35 | 0.30 | 80 | Large Cap Blend Equities, Dividend | RCD.TO vs DGRP.L |
See all 42 diversifiers for RCD.TO
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