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
18 ETFs have low correlation with CHPS-U.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO) (Dividend) with a 1Y correlation of 0.11, roughly unchanged from 0.15 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard FTSE Canadian High Dividend Yield Index E... | 0.11 | 0.15 | — | 98 | Dividend | CHPS-U.TO vs VDY.TO | |
| Global X 0-3 Month T-Bill ETF | 0.15 | 0.20 | — | 99 | Canadian Government Bonds | CHPS-U.TO vs CBIL.TO | |
| iShares Global Infrastructure Index ETF | 0.15 | 0.08 | — | 79 | Energy Equities | CHPS-U.TO vs CIF.TO | |
| Global X High Interest Savings ETF | 0.15 | 0.20 | — | 99 | Money Market | CHPS-U.TO vs CASH.TO | |
| Global X Cash Maximizer Corporate Class ETF | 0.16 | 0.20 | 0.27 | 61 | Money Market | CHPS-U.TO vs HSAV.TO |
See all 25 diversifiers for CHPS-U.TO
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