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Global X Canadian S&P/TSX 60 Covered Call ETF (CNCC.TO) Diversifiers

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

The Global X S&P/TSX 60 Covered Call ETF seeks to provide exposure to the performance of the large-cap segment of the Canadian equity market and monthly distributions of dividend and call option income through a dynamic covered call option writing program.

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

Best Diversifiers for CNCC.TO

6 ETFs have low correlation with CNCC.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Global X 0-3 Month T-Bill ETF (CBIL.TO) (Canadian Government Bonds) with a 1Y correlation of 0.03, roughly unchanged from 0.04 over 3 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
CBIL.TO
Global X 0-3 Month T-Bill ETF0.030.04—
99
Canadian Government BondsCNCC.TO vs CBIL.TO
CMR.TO
iShares Premium Money Market ETF0.03-0.010.01
100
Money MarketCNCC.TO vs CMR.TO
HSAV.TO
Global X Cash Maximizer Corporate Class ETF0.060.040.05
72
Money MarketCNCC.TO vs HSAV.TO
XEG.TO
iShares S&P/TSX Capped Energy Index ETF0.070.290.39
90
Energy Equities, Canada EquitiesCNCC.TO vs XEG.TO
CASH.TO
Global X High Interest Savings ETF0.080.06—
100
Money MarketCNCC.TO vs CASH.TO
See all 23 diversifiers for CNCC.TO

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Diversification Analysis

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