Looking to diversify beyond CMEY.TO? The ETFs below have the lowest correlation with CMEY.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 CMEY.TO.
Best Diversifiers for CMEY.TO
3 ETFs have low correlation with CMEY.TO (below 0.3), 0 of which are negatively correlated. The least correlated is CI Morningstar International Value Index ETF (Unhedged) (VXM-B.TO) (Foreign Small & Mid Cap Equities) with a 1Y correlation of 0.03, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| CI Morningstar International Value Index ETF (Unhe... | 0.03 | 0.09 | 0.08 | 72 | Foreign Small & Mid Cap Equities | CMEY.TO vs VXM-B.TO | |
| CI Auspice Broad Commodity Fund ETF Hedged Units | 0.03 | -0.01 | — | 65 | Commodities | CMEY.TO vs CCOM.TO | |
| CI Equity Asset Allocation ETF | 0.13 | 0.08 | — | 92 | Diversified Portfolio | CMEY.TO vs CEQT.TO |
Diversification Analysis
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