Looking to diversify beyond CLU.NEO? The ETFs below have the lowest correlation with CLU.NEO — 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 CLU.NEO.
Best Diversifiers for CLU.NEO
2 ETFs have low correlation with CLU.NEO (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Brompton Canadian Cash Flow Kings ETF | 0.13 | — | — | 97 | Large Cap Blend Equities | CLU.NEO vs KNGC.TO | |
| iShares S&P/TSX Composite High Dividend Index ETF | 0.29 | 0.48 | 0.57 | 98 | Canada Equities | CLU.NEO vs XEI.TO | |
| iShares MSCI USA Momentum Factor Index ETF | 0.34 | 0.32 | 0.30 | 65 | Momentum, Large Cap Blend Equities | CLU.NEO vs XMTM.TO | |
| iShares Core MSCI Canadian Quality Dividend Index ... | 0.34 | 0.49 | 0.55 | 98 | Dividend, Large Cap Value Equities | CLU.NEO vs XDIV.TO | |
| TD Active U.S. Enhanced Dividend CAD Hedged ETF | 0.35 | 0.28 | — | 50 | Dividend, Large Cap Blend Equities | CLU.NEO vs TUEX.TO |
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