Looking to diversify beyond RQP.TO? The ETFs below have the lowest correlation with RQP.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 RQP.TO.
Best Diversifiers for RQP.TO
13 ETFs have low correlation with RQP.TO (below 0.3), 1 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 -0.07, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| RBC Quant European Dividend Leaders CAD Hedged ETF | -0.07 | 0.05 | 0.05 | 92 | Europe Equities, Dividend | RQP.TO vs RPDH.TO | |
| CIBC Active Investment Grade Floating Rate Bond ET... | 0.06 | -0.00 | 0.01 | 94 | Corporate Bonds | RQP.TO vs CFRN.TO | |
| RBC Canadian Preferred Share ETF | 0.11 | 0.03 | 0.06 | 97 | Preferred Stock/Convertible Bonds | RQP.TO vs RPF.TO | |
| TD Select U.S. Short Term Corporate Bond Ladder ET... | 0.12 | 0.25 | 0.18 | 50 | Short-Term Bond, Corporate Bonds | RQP.TO vs TUSB.TO | |
| RBC Canadian Bank Yield Index ETF | 0.19 | 0.20 | 0.13 | 98 | Financials Equities | RQP.TO vs RBNK.TO |
See all 19 diversifiers for RQP.TO
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements RQP.TO
Add RQP.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with RQP.TO