Looking to diversify beyond CASV.TO? The ETFs below have the lowest correlation with CASV.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 CASV.TO.
Best Diversifiers for CASV.TO
0 ETFs have low correlation with CASV.TO (below 0.3), 0 of which are negatively correlated. The least correlated is iShares S&P/TSX SmallCap Index ETF (XCS.TO) (Canada Equities) with a 1Y correlation of 0.55, roughly unchanged from 0.55 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P/TSX SmallCap Index ETF | 0.55 | 0.55 | 0.55 | 63 | Canada Equities | CASV.TO vs XCS.TO | |
| Global X Equal Weight Banks Index ETF | 0.57 | 0.57 | 0.57 | 98 | Financials Equities, Equal Weight | CASV.TO vs HBNK.TO | |
| iShares Core S&P U.S. Total Market Index ETF | 0.64 | 0.64 | 0.64 | 78 | Large Cap Blend Equities | CASV.TO vs XUU.TO |
Diversification Analysis
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