Looking to diversify beyond RPD.TO? The ETFs below have the lowest correlation with RPD.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 RPD.TO.
Best Diversifiers for RPD.TO
6 ETFs have low correlation with RPD.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 0.01, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| RBC Target 2026 Corporate Bond Index ETF | 0.01 | 0.07 | 0.07 | 98 | Corporate Bonds | RPD.TO vs RQO.TO | |
| RBC Canadian Discount Bond ETF | 0.17 | 0.14 | 0.09 | 56 | Short-Term Bond | RPD.TO vs RCDB.NEO | |
| RBC Canadian Preferred Share ETF | 0.21 | 0.12 | 0.17 | 97 | Preferred Stock/Convertible Bonds | RPD.TO vs RPF.TO | |
| RBC Target 2027 Canadian Corporate Bond Index ETF | 0.25 | 0.14 | 0.13 | 95 | Corporate Bonds | RPD.TO vs RQP.TO | |
| RBC 1-5 Year Laddered Canadian Bond ETF | 0.28 | 0.16 | 0.12 | 53 | Total Bond Market | RPD.TO vs RLB.TO |
See all 14 diversifiers for RPD.TO
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