Looking to diversify beyond CMNY.TO? The ETFs below have the lowest correlation with CMNY.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 CMNY.TO.
Best Diversifiers for CMNY.TO
19 ETFs have low correlation with CMNY.TO (below 0.3), 6 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 -0.16, down from -0.02 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... | -0.16 | -0.02 | -0.02 | 73 | Energy Equities, Derivative Income | CMNY.TO vs NXF.TO | |
| CI Auspice Broad Commodity Fund ETF Hedged Units | -0.11 | — | — | 70 | Commodities | CMNY.TO vs CCOM.TO | |
| Global X USD Cash Maximizer Corporate Class ETF | -0.05 | — | — | 95 | Money Market | CMNY.TO vs HSUV-U.TO | |
| CI Morningstar International Value Index ETF (Unhe... | -0.04 | — | — | 73 | Foreign Small & Mid Cap Equities | CMNY.TO vs VXM-B.TO | |
| Evolve High Interest Savings Account ETF | -0.03 | — | — | 86 | Money Market | CMNY.TO vs HISA.NEO |
See all 19 diversifiers for CMNY.TO
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