Looking to diversify beyond RGPM.NEO? The ETFs below have the lowest correlation with RGPM.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 RGPM.NEO.
Best Diversifiers for RGPM.NEO
0 ETFs have low correlation with RGPM.NEO (below 0.3), 0 of which are negatively correlated. The least correlated is iShares S&P/TSX Global Base Metals Index ETF (XBM.TO) (Energy Equities) with a 1Y correlation of 0.54, up from 0.34 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P/TSX Global Base Metals Index ETF | 0.54 | 0.34 | — | 85 | Energy Equities | RGPM.NEO vs XBM.TO | |
| Dynamic Active Mining Opportunities ETF | 0.75 | — | — | 52 | Materials | RGPM.NEO vs DXMO.TO | |
| BMO Equal Weight Global Gold Index ETF | 0.92 | 0.65 | — | 52 | Gold | RGPM.NEO vs ZGD.TO |
Diversification Analysis
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