Looking to diversify beyond CGXF.TO? The ETFs below have the lowest correlation with CGXF.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 CGXF.TO.
Best Diversifiers for CGXF.TO
7 ETFs have low correlation with CGXF.TO (below 0.3), 1 of which are negatively correlated. The least correlated is Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC.TO) (Derivative Income) with a 1Y correlation of -0.06, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Canadian Oil and Gas Equity Covered Call ... | -0.06 | 0.13 | 0.18 | 77 | Derivative Income, Energy Equities | CGXF.TO vs ENCC.TO | |
| CI Money Market ETF CAD Series | 0.03 | — | — | 99 | Money Market | CGXF.TO vs CMNY.TO | |
| CI Auspice Broad Commodity Fund ETF Hedged Units | 0.23 | 0.28 | — | 52 | Commodities | CGXF.TO vs CCOM.TO | |
| Vanguard FTSE Canadian High Dividend Yield Index E... | 0.25 | 0.30 | 0.26 | 98 | Dividend | CGXF.TO vs VDY.TO | |
| CI Morningstar International Momentum Index ETF Co... | 0.25 | 0.20 | 0.16 | 84 | Momentum, Foreign Large Cap Equities | CGXF.TO vs ZXM.TO |
See all 8 diversifiers for CGXF.TO
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