Looking to diversify beyond TCND.TO? The ETFs below have the lowest correlation with TCND.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 TCND.TO.
Best Diversifiers for TCND.TO
2 ETFs have low correlation with TCND.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Global X High Interest Savings ETF (CASH.TO) (Money Market) with a 1Y correlation of 0.00, roughly unchanged from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X High Interest Savings ETF | 0.00 | 0.00 | 0.00 | 99 | Money Market | TCND.TO vs CASH.TO | |
| Global X 0-3 Month T-Bill ETF | 0.01 | 0.01 | 0.01 | 99 | Canadian Government Bonds | TCND.TO vs CBIL.TO | |
| Global X Enhanced Nasdaq-100 Index ETF | 0.42 | 0.42 | 0.42 | 77 | Nasdaq-100, Leveraged Equities | TCND.TO vs QQQL.TO | |
| MegaLong (3X) US Semiconductors Daily Leveraged Al... | 0.44 | — | — | 96 | Leveraged Equities | TCND.TO vs SOXU.TO | |
| Global X Enhanced NASDAQ-100 Covered Call ETF | 0.52 | — | — | 76 | Nasdaq-100, Derivative Income | TCND.TO vs QQCL.TO |
See all 8 diversifiers for TCND.TO
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