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RBC Canadian Dividend Covered Call ETF (RCDC.TO) Diversifiers

ETF · Currency in CAD · Last updated Jul 14, 2026

The RBC Canadian Dividend Covered Call ETF seeks to provide investors with long-term capital growth and an attractive income stream by investing in a diversified portfolio of Canadian dividend-paying equities and employing a covered call strategy to enhance income and mitigate downside risk.

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

13 ETFs have low correlation with RCDC.TO (below 0.3), 0 of which are negatively correlated.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
YAVG.NEO
Broadcom (AVGO) Yield Shares Purpose ETF0.10——
59
Derivative Income, SemiconductorsRCDC.TO vs YAVG.NEO
EMAX.TO
Hamilton Energy YIELD MAXIMIZER ETF0.13——
63
Energy Equities, Derivative IncomeRCDC.TO vs EMAX.TO
RPF.TO
RBC Canadian Preferred Share ETF0.140.18—
97
Preferred Stock/Convertible BondsRCDC.TO vs RPF.TO
CPD.TO
iShares S&P/TSX Canadian Preferred Share Index ETF0.170.22—
94
Preferred Stock/Convertible BondsRCDC.TO vs CPD.TO
ENCC.TO
Global X Canadian Oil and Gas Equity Covered Call ...0.170.24—
89
Derivative Income, Energy EquitiesRCDC.TO vs ENCC.TO
See all 45 diversifiers for RCDC.TO

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Diversification Analysis

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Analyze a portfolio with RCDC.TO