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CI Canadian Banks Covered Call Income Class ETF (CIC.TO) Diversifiers

ETF · Currency in CAD · Last updated Jul 14, 2026

The fund aims to provide shareholders with quarterly distributions, potential capital appreciation, and reduced overall portfolio volatility compared to directly owning shares of Canada's six largest banks. It achieves this by selling call options on up to 25% of the common shares of each bank held in the portfolio.

Looking to diversify beyond CIC.TO? The ETFs below have the lowest correlation with CIC.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 CIC.TO.

Best Diversifiers for CIC.TO

8 ETFs have low correlation with CIC.TO (below 0.3), 2 of which are negatively correlated.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
CMNY.TO
CI Money Market ETF CAD Series-0.04——
99
Money MarketCIC.TO vs CMNY.TO
CCOM.TO
CI Auspice Broad Commodity Fund ETF Hedged Units-0.020.06—
69
CommoditiesCIC.TO vs CCOM.TO
CMEY.TO
CI Marret Alternative Enhanced Yield Fund0.020.120.06
55
Nontraditional BondsCIC.TO vs CMEY.TO
CGRA.TO
CI Global Real Asset Private Pool0.080.130.17
83
Global AllocationCIC.TO vs CGRA.TO
FPR.TO
CI Preferred Share ETF0.100.090.08
92
Preferred Stock/Convertible BondsCIC.TO vs FPR.TO
See all 32 diversifiers for CIC.TO

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Diversification Analysis

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