Looking to diversify beyond CBO.TO? The ETFs below have the lowest correlation with CBO.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 CBO.TO.
Best Diversifiers for CBO.TO
12 ETFs have low correlation with CBO.TO (below 0.3), 0 of which are negatively correlated. The least correlated is iShares S&P/TSX Composite High Dividend Index ETF (XEI.TO) (Canada Equities) with a 1Y correlation of 0.04, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P/TSX Composite High Dividend Index ETF | 0.04 | 0.16 | 0.11 | 98 | Canada Equities | CBO.TO vs XEI.TO | |
| Global X 0-3 Month T-Bill ETF | 0.04 | 0.09 | — | 99 | Canadian Government Bonds | CBO.TO vs CBIL.TO | |
| TD Cash Management ETF | 0.07 | — | — | 99 | Canadian Government Bonds | CBO.TO vs TCSH.TO | |
| iShares Floating Rate Index ETF | 0.12 | 0.02 | 0.02 | 98 | Canadian Government Bonds | CBO.TO vs XFR.TO | |
| iShares Core MSCI Canadian Quality Dividend Index ... | 0.13 | 0.18 | 0.13 | 98 | Dividend, Large Cap Value Equities | CBO.TO vs XDIV.TO |
See all 19 diversifiers for CBO.TO
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