Looking to diversify beyond COMM.TO? The ETFs below have the lowest correlation with COMM.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 COMM.TO.
Best Diversifiers for COMM.TO
3 ETFs have low correlation with COMM.TO (below 0.3), 1 of which are negatively correlated. The least correlated is BMO Money Market Fund ETF Series (ZMMK.TO) (Money Market) with a 1Y correlation of -0.01, roughly unchanged from 0.02 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BMO Money Market Fund ETF Series | -0.01 | 0.02 | — | 99 | Money Market | COMM.TO vs ZMMK.TO | |
| BMO Low Volatility Canadian Equity ETF | 0.23 | 0.27 | 0.34 | 53 | Canada Equities | COMM.TO vs ZLB.TO | |
| BMO Canadian Dividend ETF | 0.26 | 0.25 | 0.34 | 98 | Canada Equities | COMM.TO vs ZDV.TO | |
| BMO S&P/TSX Capped Composite Index ETF | 0.30 | 0.31 | 0.39 | 90 | Canada Equities | COMM.TO vs ZCN.TO | |
| Vanguard FTSE Canada All Cap Index ETF | 0.31 | 0.32 | 0.39 | 89 | Canada Equities | COMM.TO vs VCN.TO |
See all 10 diversifiers for COMM.TO
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