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CI Gold+ Giants Covered Call ETF Common (CGXF.TO) Diversifiers

ETF · Currency in CAD · Last updated Jun 4, 2026

The CI Gold+ Giants Covered Call ETF seeks to provide unitholders with quarterly cash distributions and capital appreciation by investing in a portfolio of equity securities of at least the 15 largest gold and precious metals companies, while employing a covered call option writing program for income generation and lower volatility.

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

8 ETFs have low correlation with CGXF.TO (below 0.3), 2 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 -0.04, down from 0.19 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
ENCC.TO
Global X Canadian Oil and Gas Equity Covered Call ...-0.040.130.19
85
Derivative Income, Energy EquitiesCGXF.TO vs ENCC.TO
NXF.TO
CI Energy Giants Covered Call ETF Common Units (CA...-0.020.130.19
73
Energy Equities, Derivative IncomeCGXF.TO vs NXF.TO
CMNY.TO
CI Money Market ETF CAD Series0.06——
99
Money MarketCGXF.TO vs CMNY.TO
ZXM.TO
CI Morningstar International Momentum Index ETF Co...0.210.180.16
71
Momentum, Foreign Large Cap EquitiesCGXF.TO vs ZXM.TO
CCOM.TO
CI Auspice Broad Commodity Fund ETF Hedged Units0.220.28—
70
CommoditiesCGXF.TO vs CCOM.TO
See all 9 diversifiers for CGXF.TO

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Diversification Analysis

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