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iShares International Fundamental Common Class (CIE.NEO) Diversifiers

ETF · Currency in CAD · Last updated Jun 4, 2026

Seeks to replicate the performance of the FTSE RAFI Developed ex US 1000 Index by providing diversified exposure to a fundamentally weighted portfolio of international stocks selected based on fundamental factors such as dividends, free cash flow, sales, and book value, while avoiding overweighting overvalued stocks and underweighting undervalued stocks.

Looking to diversify beyond CIE.NEO? The ETFs below have the lowest correlation with CIE.NEO — 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 CIE.NEO.

Best Diversifiers for CIE.NEO

3 ETFs have low correlation with CIE.NEO (below 0.3), 1 of which are negatively correlated. The least correlated is Ninepoint Energy ETF (NNRG.NEO) (Energy Equities) with a 1Y correlation of -0.02, down from 0.22 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
NNRG.NEO
Ninepoint Energy ETF-0.020.160.22
79
Energy EquitiesCIE.NEO vs NNRG.NEO
PMIF.TO
PIMCO Monthly Income Fund (Canada)0.270.220.16
52
CIE.NEO vs PMIF.TO
PMIF-U.TO
PIMCO Monthly Income Fund (Canada)0.290.220.12
57
Multisector BondsCIE.NEO vs PMIF-U.TO
XSH.TO
iShares Core Canadian Short Term Corporate Bond In...0.360.240.17
53
Canadian Government BondsCIE.NEO vs XSH.TO
DXMO.TO
Dynamic Active Mining Opportunities ETF0.400.330.33
52
MaterialsCIE.NEO vs DXMO.TO
See all 38 diversifiers for CIE.NEO

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Diversification Analysis

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