Looking to diversify beyond CMR.TO? The ETFs below have the lowest correlation with CMR.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 CMR.TO.
Best Diversifiers for CMR.TO
85 ETFs have low correlation with CMR.TO (below 0.3), 22 of which are negatively correlated. The least correlated is iShares Core MSCI Emerging Markets IMI Index ETF (XEC.TO) (Emerging Markets Equities) with a 1Y correlation of -0.11, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core MSCI Emerging Markets IMI Index ETF | -0.11 | -0.03 | 0.01 | 71 | Emerging Markets Equities | CMR.TO vs XEC.TO | |
| Vanguard Canadian Short Term Bond | -0.11 | -0.05 | 0.02 | 54 | Canadian Government Bonds | CMR.TO vs VSB.TO | |
| iShares Core Canadian Short Term Bond Index ETF | -0.09 | -0.01 | 0.06 | 55 | Short-Term Bond, Canadian Government Bonds | CMR.TO vs XSB.TO | |
| iShares Core Canadian Short Term Corporate Bond In... | -0.08 | -0.01 | 0.03 | 66 | Canadian Government Bonds | CMR.TO vs XSH.TO | |
| Vanguard FTSE Emerging Markets All Cap Index ETF | -0.08 | -0.01 | 0.02 | 57 | Emerging Markets Equities | CMR.TO vs VEE.TO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CMR.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CMR.TO and solid risk/return profiles. 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.
| 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 | |
| The Toronto-Dominion Bank | -0.01 | 0.02 | -0.01 | 99 | Financial Services | |
| Royal Bank of Canada | -0.01 | -0.00 | -0.01 | 99 | Financial Services | |
| Chartwell Retirement Residences | 0.01 | -0.01 | -0.01 | 82 | Real Estate | |
| Canadian Natural Resources Limited | 0.04 | 0.01 | -0.04 | 83 | Energy |
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