Looking to diversify beyond CMAG.TO? The ETFs below have the lowest correlation with CMAG.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 CMAG.TO.
Best Diversifiers for CMAG.TO
7 ETFs have low correlation with CMAG.TO (below 0.3), 1 of which are negatively correlated. The least correlated is CI Energy Giants Covered Call ETF Common Units (CAD Hedged) (NXF.TO) (Energy Equities) with a 1Y correlation of -0.18, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| CI Energy Giants Covered Call ETF Common Units (CA... | -0.18 | -0.04 | 0.04 | 64 | Energy Equities, Derivative Income | CMAG.TO vs NXF.TO | |
| CI Auspice Broad Commodity Fund ETF Hedged Units | 0.01 | 0.03 | — | 78 | Commodities | CMAG.TO vs CCOM.TO | |
| CI Money Market ETF CAD Series | 0.06 | — | — | 99 | Money Market | CMAG.TO vs CMNY.TO | |
| CI Canadian Short-Term Aggregate Bond Index ETF | 0.11 | 0.03 | 0.01 | 63 | Short-Term Bond | CMAG.TO vs CAGS.TO | |
| Purpose Multi-Strategy Market Neutral Fund | 0.21 | 0.24 | 0.28 | 72 | Long-Short | CMAG.TO vs PMM.TO |
See all 10 diversifiers for CMAG.TO
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