Looking to balance out your exposure to CGY.TO? The ETFs below have the lowest correlation with CGY.TO — they tend to move on their own, which can help reduce risk when CGY.TO drops. The stock ideas table highlights individual companies that behave independently from CGY.TO.
Best Diversifiers for CGY.TO
2 ETFs have low correlation with CGY.TO (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Semiconductor Index ETF | 0.08 | — | — | 97 | Semiconductors, Technology Equities | CGY.TO vs XCHP.TO | |
| BMO S&P 500 Index ETF | 0.18 | 0.21 | 0.22 | 77 | S&P 500 | CGY.TO vs ZSP.TO |
Diversification Analysis
Build a portfolio that complements CGY.TO
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