Looking to diversify beyond CMGG.TO? The ETFs below have the lowest correlation with CMGG.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 CMGG.TO.
Best Diversifiers for CMGG.TO
12 ETFs have low correlation with CMGG.TO (below 0.3), 0 of which are negatively correlated. The least correlated is CI Alternative Investment Grade Credit Fund (CRED.TO) (Investment Grade Bonds) with a 1Y correlation of 0.07, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| CI Alternative Investment Grade Credit Fund | 0.07 | -0.01 | 0.02 | 71 | Investment Grade Bonds, Long-Short, Nontraditional Bonds, Actively Managed | CMGG.TO vs CRED.TO | |
| iShares Core MSCI Global Quality Dividend Index ET... | 0.09 | 0.21 | 0.24 | 84 | Quality Factor, Global Equities | CMGG.TO vs XDGH.TO | |
| iShares Global Monthly Dividend Index ETF (CAD-Hed... | 0.14 | 0.16 | 0.21 | 88 | Global Equities | CMGG.TO vs CYH.TO | |
| CI Alternative Diversified Opportunities Fund | 0.14 | 0.04 | — | 71 | Nontraditional Bonds, Multisector Bonds, High Yield Bonds, Actively Managed | CMGG.TO vs CMDO.TO | |
| CI U.S. & Canada Lifeco Covered Call ETF (Hedged C... | 0.15 | 0.21 | 0.22 | 76 | Derivative Income, Financials Equities, Options Trading, Actively Managed | CMGG.TO vs FLI.TO |
See all 47 diversifiers for CMGG.TO
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Diversification Analysis
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