Looking to diversify beyond RIRA.TO? The ETFs below have the lowest correlation with RIRA.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 RIRA.TO.
Best Diversifiers for RIRA.TO
5 ETFs have low correlation with RIRA.TO (below 0.3), 0 of which are negatively correlated. The least correlated is IA Clarington Strategic Income Fund (ISIF.TO) (Diversified Portfolio) with a 1Y correlation of 0.09, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| IA Clarington Strategic Income Fund | 0.09 | 0.20 | 0.24 | 73 | Diversified Portfolio | RIRA.TO vs ISIF.TO | |
| Global X Equal Weight Canadian REITs Index ETF | 0.21 | — | — | 51 | REIT, Equal Weight | RIRA.TO vs REIT.TO | |
| Brompton Enhanced Multi-Asset Income ETF | 0.28 | 0.25 | — | 64 | Diversified Portfolio, Derivative Income, Actively Managed | RIRA.TO vs BMAX.TO | |
| Fidelity All-in-One Conservative ETF | 0.29 | — | — | 74 | Diversified Portfolio | RIRA.TO vs FCNS.NEO | |
| Vanguard Growth ETF Portfolio | 0.30 | 0.32 | 0.34 | 85 | Diversified Portfolio | RIRA.TO vs VGRO.TO |
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