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
9 ETFs have low correlation with CGAA.TO (below 0.3), 1 of which are negatively correlated. The least correlated is CI Auspice Broad Commodity Fund ETF Hedged Units (CCOM.TO) (Commodities) with a 1Y correlation of -0.07, roughly unchanged from 0.01 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| CI Auspice Broad Commodity Fund ETF Hedged Units | -0.07 | 0.01 | — | 65 | Commodities | CGAA.TO vs CCOM.TO | |
| CI Money Market ETF CAD Series | 0.04 | — | — | 99 | Money Market | CGAA.TO vs CMNY.TO | |
| CI Morningstar International Value Index ETF (Unhe... | 0.18 | 0.21 | 0.20 | 72 | Foreign Small & Mid Cap Equities | CGAA.TO vs VXM-B.TO | |
| Fidelity Global Monthly High Income ETF | 0.20 | 0.15 | 0.15 | 93 | Global Allocation | CGAA.TO vs FCGI.TO | |
| CI Equity Asset Allocation ETF | 0.22 | 0.14 | — | 92 | Diversified Portfolio | CGAA.TO vs CEQT.TO |
See all 11 diversifiers for CGAA.TO
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