Looking to diversify beyond THE.TO? The ETFs below have the lowest correlation with THE.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 THE.TO.
Best Diversifiers for THE.TO
4 ETFs have low correlation with THE.TO (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Floating Rate Index ETF (XFR.TO) (Canadian Government Bonds) with a 1Y correlation of 0.06, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Floating Rate Index ETF | 0.06 | 0.03 | 0.05 | 98 | Canadian Government Bonds | THE.TO vs XFR.TO | |
| BMO Ultra Short-Term Bond ETF | 0.10 | 0.05 | 0.02 | 51 | Canadian Government Bonds, Ultrashort Bond | THE.TO vs ZST.TO | |
| TD Cash Management ETF | 0.14 | — | — | 99 | Canadian Government Bonds | THE.TO vs TCSH.TO | |
| Mackenzie International Equity Index ETF (CAD-Hedg... | 0.29 | 0.32 | 0.29 | 78 | International Equity | THE.TO vs QDXH.TO | |
| iShares Core Canadian Short Term Corporate Bond In... | 0.34 | 0.18 | 0.08 | 60 | Canadian Government Bonds | THE.TO vs XSH.TO |
See all 28 diversifiers for THE.TO
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