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
3 ETFs have low correlation with CMVP.TO (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hamilton Energy YIELD MAXIMIZER ETF | 0.08 | — | — | 70 | Energy Equities, Derivative Income | CMVP.TO vs EMAX.TO | |
| Hamilton Technology YIELD MAXIMIZER ETF | 0.18 | — | — | 52 | Technology Equities, Derivative Income | CMVP.TO vs QMAX.TO | |
| Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg... | 0.20 | — | — | 56 | Derivative Income, Short-Term Bond | CMVP.TO vs HBIL.TO | |
| Hamilton U.S. Equity YIELD MAXIMIZER ETF | 0.33 | — | — | 94 | Derivative Income | CMVP.TO vs SMAX.TO | |
| Vanguard S&P 500 Index ETF | 0.37 | — | — | 74 | S&P 500 | CMVP.TO vs VFV.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 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Pembina Pipeline Corporation | 0.21 | 0.28 | 0.28 | 83 | Energy |
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