Looking to diversify beyond TQQQ.TO? The ETFs below have the lowest correlation with TQQQ.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 TQQQ.TO.
Best Diversifiers for TQQQ.TO
3 ETFs have low correlation with TQQQ.TO (below 0.3), 2 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Canadian Oil and Gas Equity Covered Call ... | -0.18 | — | — | 77 | Derivative Income, Energy Equities | TQQQ.TO vs ENCC.TO | |
| Global X High Interest Savings ETF | -0.06 | — | — | 99 | Money Market | TQQQ.TO vs CASH.TO | |
| Global X 0-3 Month T-Bill ETF | 0.06 | — | — | 99 | Canadian Government Bonds | TQQQ.TO vs CBIL.TO | |
| Global X Equal Weight Banks Index ETF | 0.47 | — | — | 97 | Financials Equities, Equal Weight | TQQQ.TO vs HBNK.TO | |
| Hamilton Enhanced Canadian Bank ETF | 0.48 | — | — | 98 | Financials Equities, Canada Equities, Leveraged Equities | TQQQ.TO vs HCAL.TO |
See all 26 diversifiers for TQQQ.TO
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