Looking to diversify beyond CCEF? The ETFs below have the lowest correlation with CCEF — 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 CCEF.
Best Diversifiers for CCEF
2 ETFs have low correlation with CCEF (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hang Seng High Dividend 30 Index ETF | 0.14 | — | — | 50 | Dividend | CCEF vs 3466.HK | |
| SPDR Nuveen Bloomberg Barclays High Yield Municipa... | 0.28 | — | — | 55 | Municipal Bonds | CCEF vs HYMB | |
| CI Canada Quality Dividend Growth Index ETF | 0.35 | — | — | 84 | Dividend | CCEF vs DGRC.TO | |
| iShares Core MSCI Canadian Quality Dividend Index ... | 0.36 | — | — | 98 | Dividend, Large Cap Value Equities | CCEF vs XDIV.TO | |
| VanEck Morningstar Developed Markets Dividend Lead... | 0.40 | — | — | 92 | Global Equities, Dividend | CCEF vs VDIV.DE |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CCEF, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CCEF and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.08 | — | — | 74 | Consumer Defensive |
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