Looking to balance out your exposure to CHR.TO? The ETFs below have the lowest correlation with CHR.TO — they tend to move on their own, which can help reduce risk when CHR.TO drops. The stock ideas table highlights individual companies that behave independently from CHR.TO.
Best Diversifiers for CHR.TO
1 ETFs have low correlation with CHR.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 0.13, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard FTSE Canadian High Dividend Yield Index E... | 0.13 | 0.26 | 0.37 | 99 | Dividend | CHR.TO vs VDY.TO |
Diversification Analysis
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