Looking to diversify beyond CBNK.TO? The ETFs below have historically moved differently from CBNK.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 CBNK.TO
18 ETFs have low correlation with CBNK.TO (below 0.3), 6 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 -0.15, down from 0.11 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| CI Energy Giants Covered Call ETF Common Units (CA... | -0.15 | 0.11 | — | 70 | Energy Equities, Derivative Income, Options Trading, Actively Managed | CBNK.TO vs NXF.TO | |
| Harvest Energy Leaders Income ETF – Class A Units | -0.13 | 0.14 | — | 87 | Energy Equities, Derivative Income | CBNK.TO vs HPF.TO | |
| Global X Canadian Oil and Gas Equity Covered Call ... | -0.12 | 0.17 | — | 93 | Derivative Income, Energy Equities | CBNK.TO vs ENCC.TO | |
| Global X Enhanced Canadian Oil and Gas Equity Cove... | -0.11 | 0.16 | — | 92 | Energy Equities, Derivative Income | CBNK.TO vs ENCL.TO | |
| Hamilton Energy YIELD MAXIMIZER ETF | -0.09 | 0.10 | — | 80 | Energy Equities, Derivative Income | CBNK.TO vs EMAX.TO |
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