Looking to diversify beyond CDIV.TO? The ETFs below have the lowest correlation with CDIV.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 CDIV.TO.
Best Diversifiers for CDIV.TO
7 ETFs have low correlation with CDIV.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Purpose High Interest Savings Fund (PSA.TO) (Money Market) with a 1Y correlation of 0.05, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Purpose High Interest Savings Fund | 0.05 | 0.03 | 0.04 | 99 | Money Market | CDIV.TO vs PSA.TO | |
| Manulife Multifactor U.S. Small Cap Index ETF Hedg... | 0.10 | 0.02 | 0.09 | 91 | Small Cap Blend Equities, Multi-factor | CDIV.TO vs MUSC.TO | |
| BMO Tactical Dividend ETF Fund | 0.15 | 0.17 | 0.29 | 81 | Dividend | CDIV.TO vs ZZZD.TO | |
| Invesco NASDAQ 100 Index ETF CAD Hedged | 0.26 | 0.34 | 0.41 | 66 | Nasdaq-100 | CDIV.TO vs QQC.TO | |
| Manulife Multifactor U.S. Large Cap Index ETF Hedg... | 0.27 | 0.34 | 0.33 | 64 | Large Cap Blend Equities, Multi-factor | CDIV.TO vs MULC.TO |
See all 33 diversifiers for CDIV.TO
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