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
18 ETFs have low correlation with CAGS.TO (below 0.3), 2 of which are negatively correlated. The least correlated is CI Energy Giants Covered Call ETF Common Units (CAD Hedged) (NXF.TO) (Energy Equities) with a 1Y correlation of -0.18, down from -0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| CI Energy Giants Covered Call ETF Common Units (CA... | -0.18 | -0.09 | -0.07 | 64 | Energy Equities, Derivative Income | CAGS.TO vs NXF.TO | |
| CI Auspice Broad Commodity Fund ETF Hedged Units | -0.11 | -0.08 | — | 78 | Commodities | CAGS.TO vs CCOM.TO | |
| CI Money Market ETF CAD Series | 0.07 | — | — | 99 | Money Market | CAGS.TO vs CMNY.TO | |
| CI Global Core Plus Equity ETF | 0.14 | 0.06 | 0.04 | 88 | Global Equities | CAGS.TO vs ONEQ.TO | |
| TD Select U.S. Short Term Corporate Bond Ladder ET... | 0.14 | 0.12 | 0.14 | 57 | Short-Term Bond, Corporate Bonds | CAGS.TO vs TUSB.TO |
See all 19 diversifiers for CAGS.TO
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements CAGS.TO
Add CAGS.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with CAGS.TO