Looking to balance out your exposure to CIGI.TO? The ETFs below have the lowest correlation with CIGI.TO — they tend to move on their own, which can help reduce risk when CIGI.TO drops. The stock ideas table highlights individual companies that behave independently from CIGI.TO.
Best Diversifiers for CIGI.TO
0 ETFs have low correlation with CIGI.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 Index ETF (VFV.TO) (S&P 500) with a 1Y correlation of 0.34, down from 0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 Index ETF | 0.34 | 0.43 | 0.48 | 79 | S&P 500 | CIGI.TO vs VFV.TO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CIGI.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CIGI.TO and solid risk/return profiles. The least correlated is Hydro One Limited (H.TO) (Utilities) with a 1Y correlation of -0.08, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Hydro One Limited | -0.08 | 0.13 | 0.10 | 89 | Utilities | |
| Jamieson Wellness Inc. | 0.21 | 0.19 | 0.17 | 76 | Consumer Defensive | |
| Mullen Group Ltd. | 0.24 | 0.26 | 0.31 | 98 | Industrials |
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