Looking to diversify beyond CLML.TO? The ETFs below have the lowest correlation with CLML.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 CLML.TO.
Best Diversifiers for CLML.TO
4 ETFs have low correlation with CLML.TO (below 0.3), 1 of which are negatively correlated. The least correlated is BMO Covered Call Energy ETF (ZWEN.TO) (Energy Equities) with a 1Y correlation of -0.04, down from 0.11 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BMO Covered Call Energy ETF | -0.04 | 0.11 | — | 81 | Energy Equities | CLML.TO vs ZWEN.TO | |
| CI Auspice Broad Commodity Fund ETF Hedged Units | 0.04 | 0.11 | — | 63 | Commodities | CLML.TO vs CCOM.TO | |
| Brompton International Cash Flow Kings ETF | 0.28 | — | — | 89 | International Equity | CLML.TO vs KNGX.TO | |
| CI Morningstar Canada Value Index ETF | 0.29 | 0.27 | — | 95 | Canada Equities | CLML.TO vs FXM.TO | |
| iShares ESG Conservative Balanced ETF Portfolio | 0.31 | 0.26 | 0.30 | 53 | Diversified Portfolio | CLML.TO vs GCNS.TO |
See all 20 diversifiers for CLML.TO
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