Looking to diversify beyond CFOU.TO? The ETFs below have historically moved differently from CFOU.TO, 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 CFOU.TO
11 ETFs have low correlation with CFOU.TO (below 0.3), 5 of which are negatively correlated. The least correlated is BetaPro S&P/TSX Capped Energy 2x Daily Bull ETF (NRGU.TO) (Leveraged Equities) with a 1Y correlation of -0.21, down from 0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BetaPro S&P/TSX Capped Energy 2x Daily Bull ETF | -0.21 | 0.09 | 0.26 | 89 | Leveraged Equities | CFOU.TO vs NRGU.TO | |
| iShares S&P/TSX Capped Energy Index ETF | -0.21 | 0.09 | 0.26 | 89 | Energy Equities, Canada Equities | CFOU.TO vs XEG.TO | |
| Evolve Canadian Utilities Enhanced Yield Index Fun... | -0.09 | — | — | 67 | Utilities Equities, Derivative Income, Leveraged Equities | CFOU.TO vs UTES.TO | |
| Global X High Interest Savings ETF | -0.04 | 0.02 | — | 100 | Money Market | CFOU.TO vs CASH.TO | |
| Global X 0-3 Month T-Bill ETF | -0.04 | -0.00 | — | 99 | Canadian Government Bonds | CFOU.TO vs CBIL.TO |
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