Looking to diversify beyond CASH.TO? The ETFs below have historically moved differently from CASH.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 CASH.TO
157 ETFs have low correlation with CASH.TO (below 0.3), 52 of which are negatively correlated. The least correlated is Global X Laddered Canadian Preferred Share Index Corporate Class ETF (HLPR.TO) (Preferred Stock) with a 1Y correlation of -0.12, down from -0.02 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Laddered Canadian Preferred Share Index C... | -0.12 | -0.02 | — | 97 | Preferred Stock | CASH.TO vs HLPR.TO | |
| Arrow EC Income Advantage Alternative Fund | -0.11 | -0.00 | — | 66 | Investment Grade Bonds, Corporate Bonds, Nontraditional Bonds | CASH.TO vs RATE.TO | |
| Global X Innovative Bluechip Top 10 Index ETF | -0.11 | — | — | 75 | Global Equities | CASH.TO vs TTTX.TO | |
| Global X Active Global Dividend ETF | -0.11 | 0.05 | — | 83 | Global Equity Income, Dividend, Actively Managed | CASH.TO vs HAZ.TO | |
| Global X USD High Interest Savings ETF | -0.09 | — | — | 100 | Money Market | CASH.TO vs UCSH-U.TO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CASH.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 -0.07, roughly unchanged from -0.03 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Power Corporation of Canada | -0.07 | -0.03 | — | 97 | Financial Services | |
| Fortis Inc. | -0.06 | -0.01 | — | 87 | Utilities | |
| Royal Bank of Canada | -0.03 | 0.03 | — | 99 | Financial Services | |
| Cameco Corporation | -0.02 | 0.00 | — | 56 | Energy | |
| Loblaw Companies Limited | -0.02 | -0.01 | — | 68 | Consumer Defensive |
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