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CIBC Active Investment Grade Corporate Bond ETF (CACB.TO) Diversifiers

ETF · Currency in CAD · Last updated Jul 16, 2026

CIBC Active Investment Grade Corporate Bond ETF seeks to generate a high level of current income while preserving capital by investing primarily in bonds, debentures, notes, and other debt instruments of Canadian issuers. The fund is actively managed by CIBC Asset Management and trades on the Toronto Stock Exchange in CAD.

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

Best Diversifiers for CACB.TO

2 ETFs have low correlation with CACB.TO (below 0.3), 0 of which are negatively correlated.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
CCAD.TO
CIBC Premium Cash Management ETF0.02——
99
Money MarketCACB.TO vs CCAD.TO
CFRN.TO
CIBC Active Investment Grade Floating Rate Bond ET...0.060.080.04
94
Corporate BondsCACB.TO vs CFRN.TO
FCSB.NEO
Fidelity Canadian Short Term Corporate Bond ETF0.380.350.33
51
Corporate BondsCACB.TO vs FCSB.NEO
PSB.TO
Invesco 1-5 Year Laddered Investment Grade Corpora...0.400.530.48
64
Corporate BondsCACB.TO vs PSB.TO
ZQB.TO
BMO High Quality Corporate Bond Index ETF0.490.450.45
70
Corporate BondsCACB.TO vs ZQB.TO
See all 7 diversifiers for CACB.TO

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Diversification Analysis

Build a portfolio that complements CACB.TO

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