PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

Purpose Silver Bullion Fund (SBT.TO) Diversifiers

ETF · Currency in CAD · Last updated Jun 4, 2026

Purpose Silver Bullion Fund provides investors with exposure to physical silver bullion. The fund holds silver on a fully allocated and segregated basis at the Royal Canadian Mint. The currency-hedged units (SBT) aim to minimize the impact of currency fluctuations between the Canadian dollar and the U.S. dollar on the fund's returns.

Looking to diversify beyond SBT.TO? The ETFs below have the lowest correlation with SBT.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 SBT.TO.

Best Diversifiers for SBT.TO

9 ETFs have low correlation with SBT.TO (below 0.3), 1 of which are negatively correlated. The least correlated is Purpose Cash Management Fund (MNY.TO) (Money Market) with a 1Y correlation of -0.03, roughly unchanged from -0.03 over 3 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
MNY.TO
Purpose Cash Management Fund-0.03-0.03—
100
Money MarketSBT.TO vs MNY.TO
PSA.TO
Purpose High Interest Savings Fund0.04-0.02-0.02
100
Money MarketSBT.TO vs PSA.TO
MNU-U.TO
Purpose USD Cash Management ETF0.060.00—
99
Ultrashort Bond, Money MarketSBT.TO vs MNU-U.TO
PMM.TO
Purpose Multi-Strategy Market Neutral Fund0.080.030.01
64
Long-ShortSBT.TO vs PMM.TO
PSU-U.TO
Purpose US Cash Fund0.090.020.04
99
Money MarketSBT.TO vs PSU-U.TO
See all 11 diversifiers for SBT.TO

To view more results, upgrade your current subscription plan.

Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from SBT.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SBT.TO and solid risk/return profiles. The least correlated is Almonty Industries Inc. (AII.TO) (Basic Materials) with a 1Y correlation of 0.25, up from 0.12 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
AII.TO
Almonty Industries Inc.0.250.150.12
96
Basic Materials
PSLV.TO
Sprott Physical Silver Trust0.920.630.59
80
Financial Services

Rows per page

1–2 of 2

Diversification Analysis

Build a portfolio that complements SBT.TO

Add SBT.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with SBT.TO