Looking to diversify beyond CNDD.TO? The ETFs below have the lowest correlation with CNDD.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 CNDD.TO.
Best Diversifiers for CNDD.TO
8 ETFs have low correlation with CNDD.TO (below 0.3), 8 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Equal Weight Banks Index ETF | -0.70 | — | — | 98 | Financials Equities, Equal Weight | CNDD.TO vs HBNK.TO | |
| Global X Enhanced S&P 500 Covered Call ETF | -0.54 | — | — | 84 | Derivative Income, S&P 500 | CNDD.TO vs USCL.TO | |
| Global X Enhanced NASDAQ-100 Covered Call ETF | -0.47 | — | — | 85 | Nasdaq-100, Derivative Income | CNDD.TO vs QQCL.TO | |
| Global X NASDAQ-100 Covered Call ETF | -0.46 | -0.44 | -0.45 | 84 | Nasdaq-100, Derivative Income | CNDD.TO vs QQCC.TO | |
| Global X Artificial Intelligence Semiconductor Ind... | -0.43 | -0.47 | -0.54 | 94 | Semiconductors, Technology Equities | CNDD.TO vs CHPS.TO |
See all 8 diversifiers for CNDD.TO
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Diversification Analysis
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