Looking to diversify beyond CGHY.TO? The ETFs below have the lowest correlation with CGHY.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 CGHY.TO.
Best Diversifiers for CGHY.TO
3 ETFs have low correlation with CGHY.TO (below 0.3), 2 of which are negatively correlated. The least correlated is CI Morningstar Canada Momentum Index ETF (WXM.TO) (Momentum) with a 1Y correlation of -0.03, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| CI Morningstar Canada Momentum Index ETF | -0.03 | 0.01 | 0.03 | 88 | Momentum, Canada Equities | CGHY.TO vs WXM.TO | |
| CI Munro Global Growth Equity Fund | -0.02 | 0.04 | 0.09 | 69 | Global Equities | CGHY.TO vs CMGG.TO | |
| CI Morningstar International Momentum Index ETF Co... | 0.01 | 0.03 | 0.05 | 71 | Momentum, Foreign Large Cap Equities | CGHY.TO vs ZXM.TO |
Diversification Analysis
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