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CI DoubleLine Total Return Bond US$ Fund ETF C$ Hedged Series (CDLB.TO) Diversifiers

ETF · Currency in CAD · Last updated Jun 4, 2026

CI DoubleLine Total Return Bond US$ Fund ETF C$ Hedged Series (CDLB) is an actively managed fixed income ETF sub-advised by DoubleLine Capital LP and offered by CI Global Asset Management. The fund seeks to maximize total return by investing primarily in U.S. mortgage-backed securities, asset-backed obligations, collateralized loan obligations, and U.S. government and agency debt, benchmarking against the Bloomberg U.S. Aggregate Bond Index. The C$ Hedged series uses currency derivatives to hedge substantially all U.S. dollar exposure back to the Canadian dollar.

Looking to diversify beyond CDLB.TO? The ETFs below have the lowest correlation with CDLB.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 CDLB.TO.

Best Diversifiers for CDLB.TO

3 ETFs have low correlation with CDLB.TO (below 0.3), 0 of which are negatively correlated. The least correlated is CI Morningstar Canada Momentum Index ETF (WXM.TO) (Momentum) with a 1Y correlation of 0.07, roughly unchanged from 0.02 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
WXM.TO
CI Morningstar Canada Momentum Index ETF0.070.060.02
88
Momentum, Canada EquitiesCDLB.TO vs WXM.TO
CMGG.TO
CI Munro Global Growth Equity Fund0.100.040.03
69
Global EquitiesCDLB.TO vs CMGG.TO
ZXM.TO
CI Morningstar International Momentum Index ETF Co...0.130.080.05
71
Momentum, Foreign Large Cap EquitiesCDLB.TO vs ZXM.TO

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Diversification Analysis

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