Looking to diversify beyond CHPS-U.TO? The ETFs below have the lowest correlation with CHPS-U.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 CHPS-U.TO.
Best Diversifiers for CHPS-U.TO
28 ETFs have low correlation with CHPS-U.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Global X High Interest Savings ETF (CASH.TO) (Money Market) with a 1Y correlation of 0.01, roughly unchanged from 0.01 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X High Interest Savings ETF | 0.01 | 0.01 | — | 100 | Money Market | CHPS-U.TO vs CASH.TO | |
| Global X 0-3 Month T-Bill ETF | 0.01 | 0.01 | — | 99 | Canadian Government Bonds | CHPS-U.TO vs CBIL.TO | |
| Global X Cash Maximizer Corporate Class ETF | 0.04 | 0.01 | — | 67 | Bank Loan | CHPS-U.TO vs HSAV.TO | |
| Global X S&P/TSX 60 Corporate Class ETF | 0.10 | 0.07 | — | 84 | Canada Equities | CHPS-U.TO vs HXT.TO | |
| iShares Global Infrastructure Index ETF | 0.10 | 0.05 | — | 71 | Energy Equities | CHPS-U.TO vs CIF.TO |
See all 30 diversifiers for CHPS-U.TO
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