Looking to diversify beyond RID.TO? The ETFs below have the lowest correlation with RID.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 RID.TO.
Best Diversifiers for RID.TO
6 ETFs have low correlation with RID.TO (below 0.3), 0 of which are negatively correlated. The least correlated is RBC Target 2026 Corporate Bond Index ETF (RQO.TO) (Corporate Bonds) with a 1Y correlation of 0.05, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| RBC Target 2026 Corporate Bond Index ETF | 0.05 | 0.13 | 0.14 | 98 | Corporate Bonds | RID.TO vs RQO.TO | |
| RBC Canadian Preferred Share ETF | 0.18 | 0.17 | 0.24 | 97 | Preferred Stock/Convertible Bonds | RID.TO vs RPF.TO | |
| Mackenzie International Equity Index ETF (CAD-Hedg... | 0.21 | 0.26 | 0.24 | 82 | International Equity | RID.TO vs QDXH.TO | |
| RBC Canadian Discount Bond ETF | 0.22 | 0.18 | 0.14 | 56 | Short-Term Bond | RID.TO vs RCDB.NEO | |
| RBC Quant European Dividend Leaders CAD Hedged ETF | 0.27 | 0.37 | 0.37 | 92 | Europe Equities, Dividend | RID.TO vs RPDH.TO |
See all 25 diversifiers for RID.TO
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