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
5 ETFs have low correlation with RCDB.NEO (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 0.11, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| RBC Canadian Preferred Share ETF | 0.11 | 0.09 | 0.02 | 97 | Preferred Stock/Convertible Bonds | RCDB.NEO vs RPF.TO | |
| RBC Quant U.S. Dividend Leaders ETF (CAD) | 0.14 | 0.11 | 0.07 | 63 | Large Cap Blend Equities, Dividend | RCDB.NEO vs RUD.TO | |
| RBC Canadian Dividend Covered Call ETF | 0.16 | 0.10 | — | 94 | Derivative Income | RCDB.NEO vs RCDC.TO | |
| RBC Quant EAFE Dividend Leaders (CAD Hedged) ETF | 0.17 | 0.09 | 0.06 | 84 | Foreign Large Cap Equities | RCDB.NEO vs RIDH.TO | |
| RBC Canadian Bank Yield Index ETF | 0.20 | 0.21 | 0.09 | 96 | Financials Equities | RCDB.NEO vs RBNK.TO |
See all 8 diversifiers for RCDB.NEO
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements RCDB.NEO
Add RCDB.NEO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with RCDB.NEO