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

ETF · Currency in CAD · Last updated Jun 24, 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

2 ETFs have low correlation with CIC.TO (below 0.3), 1 of which are negatively correlated. The least correlated is CI Auspice Broad Commodity Fund ETF Hedged Units (CCOM.TO) (Commodities) with a 1Y correlation of -0.03, roughly unchanged from 0.04 over 3 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
CCOM.TO
CI Auspice Broad Commodity Fund ETF Hedged Units-0.030.04—
52
CommoditiesCIC.TO vs CCOM.TO
CMNY.TO
CI Money Market ETF CAD Series0.010.040.04
99
Money MarketCIC.TO vs CMNY.TO
CEQT.TO
CI Equity Asset Allocation ETF0.310.220.21
91
Diversified PortfolioCIC.TO vs CEQT.TO
ZXM.TO
CI Morningstar International Momentum Index ETF Co...0.340.280.34
84
Momentum, Foreign Large Cap EquitiesCIC.TO vs ZXM.TO
HXF.TO
Global X S&P/TSX Capped Financials Index Corporate...0.350.420.52
96
Financials EquitiesCIC.TO vs HXF.TO
See all 25 diversifiers for CIC.TO

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Diversification Analysis

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