Looking to balance out your exposure to CDUAF? The ETFs below have the lowest correlation with CDUAF — they tend to move on their own, which can help reduce risk when CDUAF drops. The stock ideas table highlights individual companies that behave independently from CDUAF.
Best Diversifiers for CDUAF
3 ETFs have low correlation with CDUAF (below 0.3), 2 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of -0.08, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | -0.08 | 0.06 | 0.16 | 70 | S&P 500 | CDUAF vs VOO | |
| iShares 0-3 Month Treasury Bond ETF | -0.02 | -0.00 | 0.01 | 100 | Ultrashort Bond | CDUAF vs SGOV | |
| iShares MSCI Canada ETF | 0.13 | 0.26 | 0.34 | 68 | Canada Equities | CDUAF vs EWC |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CDUAF, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CDUAF and solid risk/return profiles. The least correlated is Emerson Electric Co. (EMR) (Industrials) with a 1Y correlation of -0.14, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Emerson Electric Co. | -0.14 | 0.02 | 0.14 | 57 | Industrials | |
| Nucor Corporation | -0.09 | 0.01 | 0.10 | 95 | Basic Materials | |
| Nordson Corporation | -0.04 | 0.09 | 0.15 | 83 | Industrials | |
| Tennant Company | -0.04 | 0.07 | 0.15 | 53 | Industrials | |
| Dover Corporation | -0.04 | 0.08 | 0.16 | 65 | Industrials |
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