Looking to diversify beyond RLB.TO? The ETFs below have the lowest correlation with RLB.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 RLB.TO.
Best Diversifiers for RLB.TO
7 ETFs have low correlation with RLB.TO (below 0.3), 0 of which are negatively correlated. The least correlated is RBC Quant European Dividend Leaders CAD Hedged ETF (RPDH.TO) (Europe Equities) with a 1Y correlation of 0.06, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| RBC Quant European Dividend Leaders CAD Hedged ETF | 0.06 | 0.06 | 0.02 | 92 | Europe Equities, Dividend | RLB.TO vs RPDH.TO | |
| RBC Canadian Preferred Share ETF | 0.10 | 0.02 | 0.03 | 97 | Preferred Stock/Convertible Bonds | RLB.TO vs RPF.TO | |
| RBC Target 2026 Corporate Bond Index ETF | 0.21 | 0.43 | 0.47 | 98 | Corporate Bonds | RLB.TO vs RQO.TO | |
| RBC Canadian Dividend Covered Call ETF | 0.25 | 0.14 | — | 96 | Derivative Income | RLB.TO vs RCDC.TO | |
| RBC Quant U.S. Dividend Leaders ETF (CAD) | 0.27 | 0.10 | 0.08 | 71 | Large Cap Blend Equities, Dividend | RLB.TO vs RUD.TO |
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