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TD Balanced ETF Portfolio (TBAL.TO) Diversifiers

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

TD Balanced ETF Portfolio seeks long-term capital growth and some income by investing primarily in units of exchange-traded funds with a balanced asset mix of approximately 60% equities and 40% fixed income, achieving global exposure through ETFs, direct securities, and derivatives.

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

Best Diversifiers for TBAL.TO

2 ETFs have low correlation with TBAL.TO (below 0.3), 0 of which are negatively correlated.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
TCSH.TO
TD Cash Management ETF0.15——
99
Canadian Government BondsTBAL.TO vs TCSH.TO
TPRF.TO
TD Active Preferred Share ETF0.290.270.27
96
Preferred Stock/Convertible BondsTBAL.TO vs TPRF.TO
FCGI.TO
Fidelity Global Monthly High Income ETF0.410.300.28
91
Global AllocationTBAL.TO vs FCGI.TO
HCON.TO
Global X Conservative Asset Allocation ETF0.470.470.52
62
Global AllocationTBAL.TO vs HCON.TO
TCSB.TO
TD Select Short Term Corporate Bond Ladder ETF0.480.400.33
57
Short-Term BondTBAL.TO vs TCSB.TO
See all 35 diversifiers for TBAL.TO

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Diversification Analysis

Build a portfolio that complements TBAL.TO

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

Analyze a portfolio with TBAL.TO