Looking to diversify beyond TGED.TO? The ETFs below have the lowest correlation with TGED.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 TGED.TO.
Best Diversifiers for TGED.TO
3 ETFs have low correlation with TGED.TO (below 0.3), 0 of which are negatively correlated. The least correlated is TD Cash Management ETF (TCSH.TO) (Canadian Government Bonds) with a 1Y correlation of 0.03, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| TD Cash Management ETF | 0.03 | 0.02 | 0.02 | 99 | Canadian Government Bonds | TGED.TO vs TCSH.TO | |
| iShares S&P/TSX Composite High Dividend Index ETF | 0.23 | 0.34 | 0.43 | 98 | Canada Equities | TGED.TO vs XEI.TO | |
| TD Q Canadian Low Volatility ETF | 0.27 | 0.36 | 0.39 | 53 | Canada Equities | TGED.TO vs TCLV.TO | |
| iShares Core MSCI Canadian Quality Dividend Index ... | 0.35 | 0.39 | 0.45 | 98 | Dividend, Large Cap Value Equities | TGED.TO vs XDIV.TO | |
| iShares Core MSCI Global Quality Dividend Index ET... | 0.40 | 0.45 | 0.54 | 54 | Global Equities | TGED.TO vs XDG.TO |
See all 31 diversifiers for TGED.TO
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