Looking to diversify beyond RIDH.TO? The ETFs below have historically moved differently from RIDH.TO, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for RIDH.TO
7 ETFs have low correlation with RIDH.TO (below 0.3), 0 of which are negatively correlated. The least correlated is RBC Target 2026 Canadian Corporate Bond Index ETF (RQO.TO) (Short-Term Bond) with a 1Y correlation of 0.08, roughly unchanged from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| RBC Target 2026 Canadian Corporate Bond Index ETF | 0.08 | 0.07 | 0.06 | 98 | Short-Term Bond, Corporate Bonds | RIDH.TO vs RQO.TO | |
| RBC Canadian Preferred Share ETF | 0.18 | 0.16 | 0.19 | 97 | Preferred Stock | RIDH.TO vs RPF.TO | |
| RBC Target 2027 Canadian Corporate Bond Index ETF | 0.23 | 0.10 | 0.10 | 94 | Short-Term Bond, Corporate Bonds | RIDH.TO vs RQP.TO | |
| iShares Core MSCI Canadian Quality Dividend Index ... | 0.26 | 0.30 | 0.32 | 98 | Quality Factor, Dividend, Large Cap Value Equities | RIDH.TO vs XDIV.TO | |
| Mackenzie International Equity Index ETF (CAD-Hedg... | 0.27 | 0.25 | 0.23 | 81 | Foreign Large Cap Equities | RIDH.TO vs QDXH.TO |
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