Looking to diversify beyond RQO.TO? The ETFs below have the lowest correlation with RQO.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 RQO.TO.
Best Diversifiers for RQO.TO
19 ETFs have low correlation with RQO.TO (below 0.3), 0 of which are negatively correlated. The least correlated is RBC Canadian Bank Yield Index ETF (RBNK.TO) (Financials Equities) with a 1Y correlation of 0.00, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| RBC Canadian Bank Yield Index ETF | 0.00 | 0.12 | 0.06 | 98 | Financials Equities | RQO.TO vs RBNK.TO | |
| Fidelity Canadian Short Term Corporate Bond ETF | 0.00 | 0.32 | 0.34 | 51 | Corporate Bonds | RQO.TO vs FCSB.NEO | |
| RBC Quant European Dividend Leaders ETF | 0.01 | 0.07 | 0.07 | 87 | Europe Equities, Dividend | RQO.TO vs RPD.TO | |
| RBC Quant European Dividend Leaders CAD Hedged ETF | 0.02 | 0.02 | 0.03 | 92 | Europe Equities, Dividend | RQO.TO vs RPDH.TO | |
| RBC Quant U.S. Dividend Leaders ETF (CAD) | 0.02 | 0.07 | 0.06 | 71 | Large Cap Blend Equities, Dividend | RQO.TO vs RUD.TO |
See all 19 diversifiers for RQO.TO
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