Looking to diversify beyond CAUV.TO? The ETFs below have historically moved differently from CAUV.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 CAUV.TO
0 ETFs have low correlation with CAUV.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Global X S&P 500 Index Corporate Class ETF (HXS.TO) (S&P 500) with a 1Y correlation of 0.51, roughly unchanged from 0.51 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X S&P 500 Index Corporate Class ETF | 0.51 | 0.51 | 0.51 | 70 | S&P 500 | CAUV.TO vs HXS.TO | |
| Vanguard U.S. Total Market Index ETF | 0.53 | 0.53 | 0.53 | 72 | Large Cap Blend Equities | CAUV.TO vs VUN.TO |
Diversification Analysis
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