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iShares 1-10 Year Laddered Government Bond Index ETF (CLG.TO) Diversifiers

ETF · Currency in CAD · Last updated Jun 5, 2026

CLG.TO is a passive ETF by iShares tracking the investment results of the Morningstar Can Core Bd GR CAD. CLG.TO launched on Oct 20, 2011 and has a 0.17% expense ratio.

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

Best Diversifiers for CLG.TO

9 ETFs have low correlation with CLG.TO (below 0.3), 1 of which are negatively correlated. The least correlated is Global X 0-3 Month T-Bill ETF (CBIL.TO) (Canadian Government Bonds) with a 1Y correlation of -0.02, roughly unchanged from 0.04 over 3 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
CBIL.TO
Global X 0-3 Month T-Bill ETF-0.020.04—
99
Canadian Government BondsCLG.TO vs CBIL.TO
XEI.TO
iShares S&P/TSX Composite High Dividend Index ETF0.020.180.10
98
Canada EquitiesCLG.TO vs XEI.TO
XFR.TO
iShares Floating Rate Index ETF0.040.020.02
98
Canadian Government BondsCLG.TO vs XFR.TO
TCSH.TO
TD Cash Management ETF0.05——
99
Canadian Government BondsCLG.TO vs TCSH.TO
XDIV.TO
iShares Core MSCI Canadian Quality Dividend Index ...0.150.190.13
98
Dividend, Large Cap Value EquitiesCLG.TO vs XDIV.TO
See all 18 diversifiers for CLG.TO

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from CLG.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CLG.TO and solid risk/return profiles. The least correlated is SmartCentres Real Estate Investment Trust (SRU-UN.TO) (Real Estate) with a 1Y correlation of 0.37, up from 0.24 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
SRU-UN.TO
SmartCentres Real Estate Investment Trust0.370.320.24
84
Real Estate

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Diversification Analysis

Build a portfolio that complements CLG.TO

Add CLG.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with CLG.TO