Looking to diversify beyond CFRN.TO? The ETFs below have the lowest correlation with CFRN.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 CFRN.TO.
Best Diversifiers for CFRN.TO
10 ETFs have low correlation with CFRN.TO (below 0.3), 1 of which are negatively correlated. The least correlated is Fidelity Canadian Short Term Corporate Bond ETF (FCSB.NEO) (Corporate Bonds) with a 1Y correlation of -0.00, roughly unchanged from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Canadian Short Term Corporate Bond ETF | -0.00 | -0.03 | -0.02 | 51 | Corporate Bonds | CFRN.TO vs FCSB.NEO | |
| RBC 1-5 Year Laddered Canadian Corporate Bond ETF | 0.00 | 0.03 | 0.01 | 53 | Corporate Bonds | CFRN.TO vs RBO.TO | |
| TD Select U.S. Short Term Corporate Bond Ladder ET... | 0.02 | -0.01 | 0.02 | 50 | Short-Term Bond, Corporate Bonds | CFRN.TO vs TUSB.TO | |
| BMO High Quality Corporate Bond Index ETF | 0.03 | 0.09 | 0.09 | 70 | Corporate Bonds | CFRN.TO vs ZQB.TO | |
| RBC Target 2027 Canadian Corporate Bond Index ETF | 0.06 | -0.00 | 0.01 | 95 | Corporate Bonds | CFRN.TO vs RQP.TO |
See all 10 diversifiers for CFRN.TO
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Diversification Analysis
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