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TD Canadian Equity Index ETF (TTP.TO) Diversifiers

ETF · Currency in CAD · Last updated Jun 25, 2026

TD Canadian Equity Index ETF aims to track the performance of a broad Canadian equity market index, focusing on publicly traded securities in Canada. It achieves this by investing in a mix of constituent securities from the index and other related securities for exposure.

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

Best Diversifiers for TTP.TO

5 ETFs have low correlation with TTP.TO (below 0.3), 0 of which are negatively correlated. The least correlated is iShares S&P/TSX Capped Energy Index ETF (XEG.TO) (Energy Equities) with a 1Y correlation of 0.05, down from 0.48 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
XEG.TO
iShares S&P/TSX Capped Energy Index ETF0.050.340.48
60
Energy Equities, Canada EquitiesTTP.TO vs XEG.TO
ENCL.TO
Global X Enhanced Canadian Oil and Gas Equity Cove...0.06——
77
Energy Equities, Derivative IncomeTTP.TO vs ENCL.TO
INOC.TO
Global X Inovestor Canadian Equity Index ETF0.100.400.45
65
Canada EquitiesTTP.TO vs INOC.TO
TCSH.TO
TD Cash Management ETF0.100.070.07
99
Canadian Government BondsTTP.TO vs TCSH.TO
TPRF.TO
TD Active Preferred Share ETF0.200.270.32
96
Preferred Stock/Convertible BondsTTP.TO vs TPRF.TO
See all 85 diversifiers for TTP.TO

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from TTP.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TTP.TO and solid risk/return profiles. The least correlated is Canadian Natural Resources Limited (CNQ.TO) (Energy) with a 1Y correlation of 0.01, down from 0.45 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
CNQ.TO
Canadian Natural Resources Limited0.010.320.45
75
Energy
NA-PC.TO
National Bank of Canada0.080.200.14
71
Financial Services
AQN.TO
Algonquin Power & Utilities Corp.0.200.390.36
59
Utilities
GRT-UN.TO
Granite Real Estate Investment Trust0.270.410.43
90
Real Estate

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Diversification Analysis

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