Looking to diversify beyond CAUV.TO? The ETFs below have the lowest correlation with CAUV.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 CAUV.TO.
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 0.58, roughly unchanged from 0.58 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X S&P 500 Index Corporate Class ETF | 0.58 | 0.58 | 0.58 | 78 | S&P 500 | CAUV.TO vs HXS.TO | |
| iShares Core Equity ETF Portfolio | 0.60 | 0.60 | 0.60 | 87 | Global Equities | CAUV.TO vs XEQT.TO | |
| Vanguard All-Equity ETF Portfolio | 0.61 | 0.61 | 0.61 | 88 | Global Equities | CAUV.TO vs VEQT.TO |
Diversification Analysis
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