Looking to diversify beyond SYLD.TO? The ETFs below have the lowest correlation with SYLD.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 SYLD.TO.
Best Diversifiers for SYLD.TO
14 ETFs have low correlation with SYLD.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 -0.15, down from 0.04 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Purpose Cash Management Fund | -0.15 | 0.04 | — | 100 | Money Market | SYLD.TO vs MNY.TO | |
| BMO Covered Call Utilities ETF | 0.06 | 0.08 | 0.12 | 58 | Utilities Equities, Derivative Income | SYLD.TO vs ZWU.TO | |
| BMO Money Market Fund ETF Series | 0.06 | 0.02 | — | 100 | Money Market | SYLD.TO vs ZMMK.TO | |
| Purpose Global Bond Fund | 0.16 | 0.18 | 0.19 | 55 | SYLD.TO vs BND.TO | ||
| Purpose Multi-Asset Income Fund | 0.25 | 0.20 | 0.22 | 94 | SYLD.TO vs PINC.TO |
See all 15 diversifiers for SYLD.TO
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