Looking to diversify beyond CLSA.TO? The ETFs below have the lowest correlation with CLSA.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 CLSA.TO.
Best Diversifiers for CLSA.TO
1 ETFs have low correlation with CLSA.TO (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Brompton Split Corp. Preferred Share ETF | 0.12 | — | — | 54 | Preferred Stock/Convertible Bonds | CLSA.TO vs SPLT.TO | |
| Global X Canadian High Dividend Index Corporate Cl... | 0.36 | — | — | 98 | Canada Equities | CLSA.TO vs HXH.TO | |
| iShares S&P/TSX SmallCap Index ETF | 0.37 | — | — | 79 | Canada Equities | CLSA.TO vs XCS.TO | |
| iShares S&P/TSX Composite High Dividend Index ETF | 0.39 | — | — | 98 | Canada Equities | CLSA.TO vs XEI.TO | |
| CI Morningstar Canada Value Index ETF | 0.41 | — | — | 95 | Canada Equities | CLSA.TO vs FXM.TO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CLSA.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CLSA.TO and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Dividend 15 Split Corp. | 0.61 | — | — | 96 | Financial Services |
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