Looking to diversify beyond CNDI.TO? The ETFs below have the lowest correlation with CNDI.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 CNDI.TO.
Best Diversifiers for CNDI.TO
8 ETFs have low correlation with CNDI.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 | -0.68 | — | — | 98 | Financials Equities, Equal Weight | CNDI.TO vs HBNK.TO | |
| Global X Enhanced S&P 500 Covered Call ETF | -0.52 | — | — | 84 | Derivative Income, S&P 500 | CNDI.TO vs USCL.TO | |
| Global X Enhanced NASDAQ-100 Covered Call ETF | -0.45 | — | — | 85 | Nasdaq-100, Derivative Income | CNDI.TO vs QQCL.TO | |
| Global X NASDAQ-100 Covered Call ETF | -0.44 | -0.41 | -0.43 | 84 | Nasdaq-100, Derivative Income | CNDI.TO vs QQCC.TO | |
| Global X Artificial Intelligence Semiconductor Ind... | -0.38 | -0.44 | -0.51 | 94 | Semiconductors, Technology Equities | CNDI.TO vs CHPS.TO |
See all 8 diversifiers for CNDI.TO
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Diversification Analysis
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