Looking to diversify beyond CMR.TO? The ETFs below have historically moved differently from CMR.TO, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for CMR.TO
80 ETFs have low correlation with CMR.TO (below 0.3), 30 of which are negatively correlated. The least correlated is Vanguard Canadian Short-Term Bond Index ETF (VSB.TO) (Short-Term Bond) with a 1Y correlation of -0.14, down from 0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Canadian Short-Term Bond Index ETF | -0.14 | -0.05 | 0.02 | 54 | Short-Term Bond | CMR.TO vs VSB.TO | |
| iShares Core MSCI Emerging Markets IMI Index ETF | -0.13 | -0.03 | -0.00 | 61 | Emerging Markets Equities | CMR.TO vs XEC.TO | |
| Vanguard FTSE Emerging Markets All Cap Index ETF | -0.12 | -0.03 | 0.00 | 52 | Emerging Markets Equities | CMR.TO vs VEE.TO | |
| BMO Short Corporate Bond Index ETF | -0.11 | -0.01 | 0.03 | 64 | Corporate Bonds | CMR.TO vs ZCS.TO | |
| Global X USD High Interest Savings ETF | -0.11 | — | — | 100 | Money Market | CMR.TO vs UCSH-U.TO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CMR.TO, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Dividend 15 Split Corp. (DFN.TO) (Financial Services) with a 1Y correlation of -0.08, roughly unchanged from -0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Dividend 15 Split Corp. | -0.08 | -0.01 | -0.02 | 98 | Financial Services | |
| Royal Bank of Canada | -0.02 | -0.01 | -0.02 | 99 | Financial Services | |
| The Toronto-Dominion Bank | -0.01 | 0.01 | -0.02 | 99 | Financial Services | |
| Chartwell Retirement Residences | 0.00 | -0.02 | -0.01 | 84 | Real Estate | |
| Canadian Natural Resources Limited | 0.03 | 0.02 | -0.04 | 88 | Energy |
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