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TD Growth ETF Portfolio (TGRO.TO) Diversifiers

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

The ETF aims for long-term capital growth with the potential for modest income by primarily investing in units of other exchange-traded funds that focus on capital growth, with a typical asset allocation of 90% equities and 10% fixed income.

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

Best Diversifiers for TGRO.TO

10 ETFs have low correlation with TGRO.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 0.04 over 3 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
CBIL.TO
Global X 0-3 Month T-Bill ETF0.000.04—
99
Canadian Government BondsTGRO.TO vs CBIL.TO
CASH.TO
Global X High Interest Savings ETF0.010.07—
100
Money MarketTGRO.TO vs CASH.TO
CMR.TO
iShares Premium Money Market ETF0.030.030.03
99
Money MarketTGRO.TO vs CMR.TO
PSA.TO
Purpose High Interest Savings Fund0.090.100.06
100
Money MarketTGRO.TO vs PSA.TO
GRO.TO
Franklin Growth ETF Portfolio0.100.070.07
90
Diversified PortfolioTGRO.TO vs GRO.TO
See all 99 diversifiers for TGRO.TO

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from TGRO.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TGRO.TO and solid risk/return profiles. The least correlated is Canadian Natural Resources Limited (CNQ.TO) (Energy) with a 1Y correlation of -0.10, down from 0.19 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
CNQ.TO
Canadian Natural Resources Limited-0.100.140.19
86
Energy
ENB.TO
Enbridge Inc.-0.040.190.22
81
Energy
DFN.TO
Dividend 15 Split Corp.0.450.480.47
96
Financial Services
TD.TO
The Toronto-Dominion Bank0.530.460.44
98
Financial Services

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Diversification Analysis

Build a portfolio that complements TGRO.TO

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

Analyze a portfolio with TGRO.TO