Looking to diversify beyond CCBI.TO? The ETFs below have the lowest correlation with CCBI.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 CCBI.TO.
Best Diversifiers for CCBI.TO
8 ETFs have low correlation with CCBI.TO (below 0.3), 1 of which are negatively correlated. The least correlated is Mackenzie Floating Rate Income ETF (MFT.TO) (Corporate Bonds) with a 1Y correlation of -0.04, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Mackenzie Floating Rate Income ETF | -0.04 | 0.01 | 0.03 | 55 | Corporate Bonds | CCBI.TO vs MFT.TO | |
| Global X High Interest Savings ETF | 0.01 | 0.07 | — | 100 | Money Market | CCBI.TO vs CASH.TO | |
| Global X 0-3 Month T-Bill ETF | 0.07 | 0.04 | — | 99 | Canadian Government Bonds | CCBI.TO vs CBIL.TO | |
| CIBC Active Investment Grade Floating Rate Bond ET... | 0.12 | 0.04 | 0.04 | 94 | Corporate Bonds, Investment Grade Bonds | CCBI.TO vs CFRN.TO | |
| RBC Target 2026 Corporate Bond Index ETF | 0.16 | 0.43 | 0.36 | 98 | Corporate Bonds | CCBI.TO vs RQO.TO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CCBI.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CCBI.TO and solid risk/return profiles. The least correlated is Royal Bank of Canada (RY.TO) (Financial Services) with a 1Y correlation of 0.26, up from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Royal Bank of Canada | 0.26 | 0.18 | 0.13 | 99 | Financial Services |
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