Looking to diversify beyond RCDB.NEO? The ETFs below have the lowest correlation with RCDB.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 RCDB.NEO.
Best Diversifiers for RCDB.NEO
12 ETFs have low correlation with RCDB.NEO (below 0.3), 1 of which are negatively correlated. The least correlated is RBC Quant European Dividend Leaders CAD Hedged ETF (RPDH.TO) (Europe Equities) with a 1Y correlation of -0.06, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| RBC Quant European Dividend Leaders CAD Hedged ETF | -0.06 | 0.06 | 0.05 | 92 | Europe Equities, Dividend | RCDB.NEO vs RPDH.TO | |
| RBC Canadian Preferred Share ETF | 0.10 | 0.07 | 0.02 | 97 | Preferred Stock/Convertible Bonds | RCDB.NEO vs RPF.TO | |
| RBC Canadian Dividend Covered Call ETF | 0.15 | 0.12 | — | 96 | Derivative Income | RCDB.NEO vs RCDC.TO | |
| TD Select U.S. Short Term Corporate Bond Ladder ET... | 0.15 | 0.17 | 0.17 | 50 | Short-Term Bond, Corporate Bonds | RCDB.NEO vs TUSB.TO | |
| RBC Quant European Dividend Leaders ETF | 0.17 | 0.14 | 0.09 | 87 | Europe Equities, Dividend | RCDB.NEO vs RPD.TO |
See all 21 diversifiers for RCDB.NEO
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