Looking to diversify beyond CASH.TO? The ETFs below have the lowest correlation with CASH.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 CASH.TO.
Best Diversifiers for CASH.TO
141 ETFs have low correlation with CASH.TO (below 0.3), 65 of which are negatively correlated. The least correlated is iShares Emerging Markets Fundamental Index ETF (CWO.NEO) (Emerging Markets Equities) with a 1Y correlation of -0.13, down from -0.03 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Emerging Markets Fundamental Index ETF | -0.13 | -0.03 | — | 61 | Emerging Markets Equities | CASH.TO vs CWO.NEO | |
| Global X Laddered Canadian Preferred Share Index C... | -0.12 | -0.02 | — | 97 | Preferred Stock/Convertible Bonds | CASH.TO vs HLPR.TO | |
| Purpose Global Bond Fund | -0.11 | -0.05 | — | 56 | Global Bonds | CASH.TO vs BND.TO | |
| Global X Artificial Intelligence Semiconductor Ind... | -0.08 | -0.03 | — | 92 | Semiconductors, Technology Equities | CASH.TO vs CHPS.TO | |
| Global X Innovative Bluechip Top 10 Index ETF | -0.08 | — | — | 68 | Global Equities | CASH.TO vs TTTX.TO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CASH.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CASH.TO and solid risk/return profiles. The least correlated is Power Corporation of Canada (POW.TO) (Financial Services) with a 1Y correlation of -0.13, roughly unchanged from -0.05 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Power Corporation of Canada | -0.13 | -0.05 | — | 95 | Financial Services | |
| Teck Resources Limited | -0.09 | -0.00 | 0.00 | 78 | Basic Materials | |
| The Toronto-Dominion Bank | -0.05 | -0.02 | — | 99 | Financial Services | |
| Royal Bank of Canada | -0.04 | 0.02 | — | 98 | Financial Services | |
| Fortis Inc. | -0.04 | 0.00 | — | 89 | Utilities |
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