Looking to diversify beyond CAGS.TO? The ETFs below have the lowest correlation with CAGS.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 CAGS.TO.
Best Diversifiers for CAGS.TO
6 ETFs have low correlation with CAGS.TO (below 0.3), 1 of which are negatively correlated. The least correlated is CI Auspice Broad Commodity Fund ETF Hedged Units (CCOM.TO) (Commodities) with a 1Y correlation of -0.11, roughly unchanged from -0.08 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| CI Auspice Broad Commodity Fund ETF Hedged Units | -0.11 | -0.08 | — | 65 | Commodities | CAGS.TO vs CCOM.TO | |
| CI Money Market ETF CAD Series | 0.04 | — | — | 99 | Money Market | CAGS.TO vs CMNY.TO | |
| Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg... | 0.15 | — | — | 53 | Derivative Income, Short-Term Bond | CAGS.TO vs HBIL.TO | |
| CI Morningstar International Value Index ETF (Unhe... | 0.19 | 0.14 | 0.08 | 72 | Foreign Small & Mid Cap Equities | CAGS.TO vs VXM-B.TO | |
| CI Equity Asset Allocation ETF | 0.21 | 0.12 | — | 92 | Diversified Portfolio | CAGS.TO vs CEQT.TO |
See all 6 diversifiers for CAGS.TO
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