Looking to diversify beyond BTCX-B.TO? The ETFs below have historically moved differently from BTCX-B.TO, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for BTCX-B.TO
25 ETFs have low correlation with BTCX-B.TO (below 0.3), 1 of which are negatively correlated. The least correlated is CI Alternative Investment Grade Credit Fund (CRED.TO) (Investment Grade Bonds) with a 1Y correlation of -0.01, roughly unchanged from -0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| CI Alternative Investment Grade Credit Fund | -0.01 | -0.05 | -0.05 | 53 | Investment Grade Bonds, Long-Short, Nontraditional Bonds, Actively Managed | BTCX-B.TO vs CRED.TO | |
| CI Health Care Giants Covered Call ETF | 0.02 | 0.02 | 0.06 | 62 | Derivative Income, Health & Biotech Equities, Options Trading, Actively Managed | BTCX-B.TO vs FHI.TO | |
| Global X High Interest Savings ETF | 0.03 | 0.03 | — | 100 | Money Market | BTCX-B.TO vs CASH.TO | |
| CI Auspice Broad Commodity Fund ETF Hedged Units | 0.03 | 0.05 | — | 77 | Commodities | BTCX-B.TO vs CCOM.TO | |
| CI Enhanced Short Duration Bond Fund | 0.03 | -0.00 | 0.03 | 53 | Short-Term Bond, Corporate Bonds, Actively Managed | BTCX-B.TO vs FSB.TO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BTCX-B.TO, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Power Corporation of Canada (POW.TO) (Financial Services) with a 1Y correlation of 0.09, roughly unchanged from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Power Corporation of Canada | 0.09 | 0.06 | 0.12 | 97 | Financial Services | |
| Sprott Physical Gold Trust | 0.26 | 0.10 | 0.03 | 66 | Financial Services | |
| Sprott Physical Silver Trust | 0.26 | 0.17 | 0.15 | 69 | Basic Materials | |
| Cameco Corporation | 0.29 | 0.20 | 0.21 | 56 | Energy |
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