PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

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

ETF · Currency in CAD · Last updated Jun 5, 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), 1 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 -0.04, roughly unchanged from 0.00 over 3 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
CBIL.TO
Global X 0-3 Month T-Bill ETF-0.040.00—
99
Canadian Government BondsCNCC.TO vs CBIL.TO
HSAV.TO
Global X Cash Maximizer Corporate Class ETF0.020.040.04
69
Bank LoanCNCC.TO vs HSAV.TO
XEG.TO
iShares S&P/TSX Capped Energy Index ETF0.040.310.40
89
Energy EquitiesCNCC.TO vs XEG.TO
CASH.TO
Global X High Interest Savings ETF0.060.05—
100
Money MarketCNCC.TO vs CASH.TO
CMR.TO
iShares Premium Money Market ETF0.060.010.01
99
Money MarketCNCC.TO vs CMR.TO
See all 17 diversifiers for CNCC.TO

To view more results, upgrade your current subscription plan.

Diversification Analysis

Build a portfolio that complements CNCC.TO

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

Analyze a portfolio with CNCC.TO