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
154 ETFs have low correlation with CASH.TO (below 0.3), 74 of which are negatively correlated. The least correlated is Purpose Global Bond Fund (BND.TO) (Global Bonds) with a 1Y correlation of -0.12, roughly unchanged from -0.05 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Purpose Global Bond Fund | -0.12 | -0.05 | — | 53 | Global Bonds | CASH.TO vs BND.TO | |
| Arrow EC Income Advantage Alternative Fund | -0.12 | -0.00 | — | 66 | CASH.TO vs RATE.TO | ||
| Global X Laddered Canadian Preferred Share Index C... | -0.11 | -0.02 | — | 97 | Preferred Stock/Convertible Bonds | CASH.TO vs HLPR.TO | |
| Global X Active Global Dividend ETF | -0.11 | 0.06 | — | 85 | Global Equity Income | CASH.TO vs HAZ.TO | |
| Global X Innovative Bluechip Top 10 Index ETF | -0.10 | — | — | 69 | 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 -0.10, roughly unchanged from -0.04 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Power Corporation of Canada | -0.10 | -0.04 | — | 97 | Financial Services | |
| Teck Resources Limited | -0.06 | 0.00 | — | 80 | Basic Materials | |
| Fortis Inc. | -0.05 | 0.00 | -0.00 | 93 | Utilities | |
| The Toronto-Dominion Bank | -0.04 | -0.01 | — | 99 | Financial Services | |
| Royal Bank of Canada | -0.03 | 0.02 | — | 99 | Financial Services |
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