Looking to balance out your exposure to CDUAF? The ETFs below have historically moved differently from CDUAF, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for CDUAF
3 ETFs have low correlation with CDUAF (below 0.3), 1 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of -0.15, down from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | -0.15 | 0.05 | 0.14 | 78 | S&P 500 | CDUAF vs VOO | |
| iShares 0-3 Month Treasury Bond ETF | 0.02 | -0.01 | 0.00 | 100 | Ultrashort Bond | CDUAF vs SGOV | |
| iShares MSCI Canada ETF | 0.06 | 0.25 | 0.32 | 88 | Canada Equities | CDUAF vs EWC |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CDUAF, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Emerson Electric Co. (EMR) (Industrials) with a 1Y correlation of -0.14, down from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Emerson Electric Co. | -0.14 | 0.01 | 0.12 | 54 | Industrials | |
| Nucor Corporation | -0.10 | 0.03 | 0.10 | 95 | Basic Materials | |
| Tennant Company | -0.09 | 0.06 | 0.13 | 50 | Industrials | |
| Stanley Black & Decker, Inc. | -0.09 | 0.08 | 0.12 | 79 | Industrials | |
| Nordson Corporation | -0.07 | 0.09 | 0.14 | 91 | Industrials |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements CDUAF
Add CDUAF to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with CDUAF