Looking to diversify beyond RUD.TO? The ETFs below have the lowest correlation with RUD.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 RUD.TO.
Best Diversifiers for RUD.TO
3 ETFs have low correlation with RUD.TO (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Brompton Canadian Cash Flow Kings ETF | 0.13 | — | — | 95 | Large Cap Blend Equities | RUD.TO vs KNGC.TO | |
| RBC Canadian Preferred Share ETF | 0.26 | 0.19 | 0.21 | 97 | Preferred Stock/Convertible Bonds | RUD.TO vs RPF.TO | |
| iShares S&P/TSX Composite High Dividend Index ETF | 0.28 | 0.37 | 0.43 | 97 | Canada Equities | RUD.TO vs XEI.TO | |
| Fidelity Canadian High Dividend Index ETF | 0.41 | 0.42 | 0.45 | 95 | Dividend | RUD.TO vs FCCD.TO | |
| Vanguard FTSE Canadian High Dividend Yield Index E... | 0.41 | 0.44 | 0.47 | 98 | Dividend | RUD.TO vs VDY.TO |
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