Looking to diversify beyond CBCX.TO? The ETFs below have the lowest correlation with CBCX.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 CBCX.TO.
Best Diversifiers for CBCX.TO
14 ETFs have low correlation with CBCX.TO (below 0.3), 2 of which are negatively correlated. The least correlated is CI Energy Giants Covered Call ETF Common Units (CAD Hedged) (NXF.TO) (Energy Equities) with a 1Y correlation of -0.04, roughly unchanged from 0.04 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| CI Energy Giants Covered Call ETF Common Units (CA... | -0.04 | 0.04 | — | 64 | Energy Equities, Derivative Income | CBCX.TO vs NXF.TO | |
| CI Money Market ETF CAD Series | -0.02 | — | — | 99 | Money Market | CBCX.TO vs CMNY.TO | |
| CI Global Real Asset Private Pool | 0.03 | 0.03 | — | 86 | Global Allocation | CBCX.TO vs CGRA.TO | |
| CI Preferred Share ETF | 0.09 | 0.06 | — | 89 | Preferred Stock/Convertible Bonds | CBCX.TO vs FPR.TO | |
| CI Marret Alternative Enhanced Yield Fund | 0.11 | 0.09 | — | 65 | Nontraditional Bonds | CBCX.TO vs CMEY.TO |
See all 14 diversifiers for CBCX.TO
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