Looking to diversify beyond TDB.TO? The ETFs below have the lowest correlation with TDB.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 TDB.TO.
Best Diversifiers for TDB.TO
11 ETFs have low correlation with TDB.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Global X 0-3 Month T-Bill ETF (CBIL.TO) (Canadian Government Bonds) with a 1Y correlation of 0.00, roughly unchanged from 0.05 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X 0-3 Month T-Bill ETF | 0.00 | 0.05 | — | 99 | Canadian Government Bonds | TDB.TO vs CBIL.TO | |
| TD Cash Management ETF | 0.05 | — | — | 99 | Canadian Government Bonds | TDB.TO vs TCSH.TO | |
| iShares Floating Rate Index ETF | 0.10 | 0.03 | 0.03 | 98 | Canadian Government Bonds | TDB.TO vs XFR.TO | |
| TD Global Technology Leaders Index ETF | 0.22 | 0.12 | 0.11 | 60 | Technology Equities | TDB.TO vs TEC.TO | |
| Vanguard Canadian Ultra-Short Government Bond Inde... | 0.23 | — | — | 99 | Canadian Government Bonds, Ultrashort Bond | TDB.TO vs VVSG.TO |
See all 20 diversifiers for TDB.TO
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