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
5 ETFs have low correlation with TQQQ.TO (below 0.3), 3 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 | — | — | 89 | Derivative Income, Energy Equities | TQQQ.TO vs ENCC.TO | |
| BetaPro S&P/TSX Capped Energy 2x Daily Bull ETF | -0.13 | — | — | 79 | Leveraged Equities | TQQQ.TO vs NRGU.TO | |
| Global X High Interest Savings ETF | -0.03 | -0.02 | -0.02 | 100 | Money Market | TQQQ.TO vs CASH.TO | |
| Global X Cash Maximizer Corporate Class ETF | 0.05 | 0.04 | 0.04 | 64 | Money Market | TQQQ.TO vs HSAV.TO | |
| Global X 0-3 Month T-Bill ETF | 0.08 | — | — | 99 | Canadian Government Bonds | TQQQ.TO vs CBIL.TO |
See all 34 diversifiers for TQQQ.TO
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Diversification Analysis
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