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HAMILTON CHAMPIONS Canadian Dividend Index ETF Class E Units (CMVP.TO) Diversifiers

ETF · Currency in CAD · Last updated Jul 25, 2026

CMVP aims to track the returns of the Solactive Canada Dividend Elite Champions Index, net of fees and expenses, with quarterly rebalancing.

Looking to diversify beyond CMVP.TO? The ETFs below have the lowest correlation with CMVP.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 CMVP.TO.

Best Diversifiers for CMVP.TO

4 ETFs have low correlation with CMVP.TO (below 0.3), 0 of which are negatively correlated.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
EMAX.TO
Hamilton Energy YIELD MAXIMIZER ETF0.06——
82
Energy Equities, Derivative IncomeCMVP.TO vs EMAX.TO
XEG.TO
iShares S&P/TSX Capped Energy Index ETF0.06——
90
Energy Equities, Canada EquitiesCMVP.TO vs XEG.TO
QDAY.NEO
Hamilton EnhancedTechnology DayMAX™ ETF0.14——
55
Derivative IncomeCMVP.TO vs QDAY.NEO
HBIL.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...0.220.190.19
52
Derivative Income, Short-Term BondCMVP.TO vs HBIL.TO
SMAX.TO
Hamilton U.S. Equity YIELD MAXIMIZER ETF0.310.350.35
91
Derivative IncomeCMVP.TO vs SMAX.TO
See all 61 diversifiers for CMVP.TO

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from CMVP.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CMVP.TO and solid risk/return profiles. The least correlated is Pembina Pipeline Corporation (PPL.TO) (Energy) with a 1Y correlation of 0.21, roughly unchanged from 0.27 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
PPL.TO
Pembina Pipeline Corporation0.210.270.27
94
Energy
L.TO
Loblaw Companies Limited0.220.250.25
68
Consumer Defensive
FTS.TO
Fortis Inc.0.26——
93
Utilities
POW.TO
Power Corporation of Canada0.27——
97
Financial Services
ENB.TO
Enbridge Inc.0.33——
93
Energy
See all 6 low-correlation stocks for CMVP.TO

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Diversification Analysis

Build a portfolio that complements CMVP.TO

Add CMVP.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with CMVP.TO