Looking to diversify beyond CGR.TO? The ETFs below have the lowest correlation with CGR.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 CGR.TO.
Best Diversifiers for CGR.TO
3 ETFs have low correlation with CGR.TO (below 0.3), 0 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 0.05, roughly unchanged from 0.07 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| CI Auspice Broad Commodity Fund ETF Hedged Units | 0.05 | 0.07 | — | 70 | Commodities | CGR.TO vs CCOM.TO | |
| iShares NASDAQ 100 Index ETF (CAD-Hedged) | 0.19 | 0.23 | 0.34 | 66 | Nasdaq-100 | CGR.TO vs XQQ.TO | |
| CI Global Climate Leaders Fund | 0.26 | 0.20 | — | 88 | CGR.TO vs CLML.TO | ||
| iShares Core S&P 500 Index ETF (CAD-Hedged) | 0.32 | 0.38 | 0.45 | 61 | S&P 500 | CGR.TO vs XSP.TO | |
| Purpose Diversified Real Asset Fund | 0.34 | 0.37 | 0.33 | 94 | CGR.TO vs PRA.TO |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CGR.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CGR.TO and solid risk/return profiles. The least correlated is SmartCentres Real Estate Investment Trust (SRU-UN.TO) (Real Estate) with a 1Y correlation of 0.50, roughly unchanged from 0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| SmartCentres Real Estate Investment Trust | 0.50 | 0.50 | 0.51 | 82 | Real Estate |
Build a portfolio that complements CGR.TO
Add CGR.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with CGR.TO