Looking to diversify beyond RPDH.TO? The ETFs below have the lowest correlation with RPDH.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 RPDH.TO.
Best Diversifiers for RPDH.TO
13 ETFs have low correlation with RPDH.TO (below 0.3), 2 of which are negatively correlated. The least correlated is RBC Target 2027 Canadian Corporate Bond Index ETF (RQP.TO) (Corporate Bonds) with a 1Y correlation of -0.07, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| RBC Target 2027 Canadian Corporate Bond Index ETF | -0.07 | 0.05 | 0.05 | 95 | Corporate Bonds | RPDH.TO vs RQP.TO | |
| RBC Canadian Discount Bond ETF | -0.06 | 0.06 | 0.05 | 56 | Short-Term Bond | RPDH.TO vs RCDB.NEO | |
| RBC Target 2026 Corporate Bond Index ETF | 0.02 | 0.02 | 0.03 | 98 | Corporate Bonds | RPDH.TO vs RQO.TO | |
| RBC 1-5 Year Laddered Canadian Bond ETF | 0.06 | 0.06 | 0.02 | 53 | Total Bond Market | RPDH.TO vs RLB.TO | |
| RBC 1-5 Year Laddered Canadian Corporate Bond ETF | 0.07 | 0.08 | 0.06 | 53 | Corporate Bonds | RPDH.TO vs RBO.TO |
See all 14 diversifiers for RPDH.TO
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