Looking to diversify beyond CLSA.TO? The ETFs below have historically moved differently from CLSA.TO, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for CLSA.TO
13 ETFs have low correlation with CLSA.TO (below 0.3), 1 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P/TSX Capped Energy Index ETF | -0.07 | — | — | 89 | Energy Equities, Canada Equities | CLSA.TO vs XEG.TO | |
| Harvest Eli Lilly High Income Shares ETF Class A U... | 0.09 | — | — | 60 | Dividend | CLSA.TO vs LLYH.TO | |
| Global X Inovestor Canadian Equity Index ETF | 0.10 | — | — | 79 | Canada Equities | CLSA.TO vs INOC.TO | |
| Brompton Split Corp. Preferred Share ETF | 0.14 | — | — | 75 | Preferred Stock | CLSA.TO vs SPLT.TO | |
| Brompton Canadian Cash Flow Kings ETF | 0.15 | — | — | 97 | Canada Equities | CLSA.TO vs KNGC.TO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CLSA.TO, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Dividend 15 Split Corp. | 0.65 | — | — | 98 | Financial Services |
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