Looking to diversify beyond CGAA.TO? The ETFs below have the lowest correlation with CGAA.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 CGAA.TO.
Best Diversifiers for CGAA.TO
12 ETFs have low correlation with CGAA.TO (below 0.3), 2 of which are negatively correlated. The least correlated is CI Energy Giants Covered Call ETF Common Units (CAD Hedged) (NXF.TO) (Energy Equities) with a 1Y correlation of -0.27, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| CI Energy Giants Covered Call ETF Common Units (CA... | -0.27 | -0.07 | 0.05 | 64 | Energy Equities, Derivative Income | CGAA.TO vs NXF.TO | |
| CI Auspice Broad Commodity Fund ETF Hedged Units | -0.07 | 0.01 | — | 78 | Commodities | CGAA.TO vs CCOM.TO | |
| CI Money Market ETF CAD Series | 0.03 | — | — | 99 | Money Market | CGAA.TO vs CMNY.TO | |
| CI Global Real Asset Private Pool | 0.13 | 0.16 | 0.13 | 86 | Global Allocation | CGAA.TO vs CGRA.TO | |
| CI Global Infrastructure Private Pool | 0.15 | 0.18 | 0.23 | 85 | Utilities Equities | CGAA.TO vs CINF.TO |
See all 15 diversifiers for CGAA.TO
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