Looking to diversify beyond CGLO.TO? The ETFs below have the lowest correlation with CGLO.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 CGLO.TO.
Best Diversifiers for CGLO.TO
6 ETFs have low correlation with CGLO.TO (below 0.3), 2 of which are negatively correlated. The least correlated is CIBC Active Investment Grade Floating Rate Bond ETF (CFRN.TO) (Corporate Bonds) with a 1Y correlation of -0.04, roughly unchanged from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| CIBC Active Investment Grade Floating Rate Bond ET... | -0.04 | -0.03 | 0.00 | 94 | Corporate Bonds | CGLO.TO vs CFRN.TO | |
| CIBC Premium Cash Management ETF | -0.02 | — | — | 99 | Money Market | CGLO.TO vs CCAD.TO | |
| iShares MSCI Min Vol EAFE Index ETF (CAD-Hedged) | 0.17 | 0.20 | 0.28 | 60 | Global Equities | CGLO.TO vs XML.TO | |
| iShares Core MSCI Global Quality Dividend Index ET... | 0.20 | 0.32 | 0.36 | 75 | Global Equities | CGLO.TO vs XDGH.TO | |
| iShares Global Monthly Dividend Index ETF (CAD-Hed... | 0.26 | 0.31 | 0.38 | 82 | Global Equities | CGLO.TO vs CYH.TO |
See all 18 diversifiers for CGLO.TO
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