Looking to diversify beyond RCDC.TO? The ETFs below have the lowest correlation with RCDC.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 RCDC.TO.
Best Diversifiers for RCDC.TO
11 ETFs have low correlation with RCDC.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Hamilton Energy YIELD MAXIMIZER ETF (EMAX.TO) (Energy Equities) with a 1Y correlation of 0.09, roughly unchanged from 0.18 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hamilton Energy YIELD MAXIMIZER ETF | 0.09 | 0.18 | — | 51 | Energy Equities, Derivative Income | RCDC.TO vs EMAX.TO | |
| Broadcom (AVGO) Yield Shares Purpose ETF | 0.12 | — | — | 58 | Derivative Income, Semiconductors | RCDC.TO vs YAVG.NEO | |
| Global X Canadian Oil and Gas Equity Covered Call ... | 0.14 | 0.24 | — | 77 | Derivative Income, Energy Equities | RCDC.TO vs ENCC.TO | |
| Global X Enhanced Canadian Oil and Gas Equity Cove... | 0.15 | 0.24 | 0.24 | 76 | Energy Equities, Derivative Income | RCDC.TO vs ENCL.TO | |
| RBC Canadian Preferred Share ETF | 0.16 | 0.19 | — | 97 | Preferred Stock/Convertible Bonds | RCDC.TO vs RPF.TO |
See all 39 diversifiers for RCDC.TO
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