Looking to diversify beyond COW.TO? The ETFs below have the lowest correlation with COW.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 COW.TO.
Best Diversifiers for COW.TO
34 ETFs have low correlation with COW.TO (below 0.3), 1 of which are negatively correlated. The least correlated is iShares Core Canadian Short Term Corporate Bond Index ETF (XSH.TO) (Canadian Government Bonds) with a 1Y correlation of -0.00, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core Canadian Short Term Corporate Bond In... | -0.00 | 0.05 | 0.04 | 53 | Canadian Government Bonds | COW.TO vs XSH.TO | |
| Invesco NASDAQ 100 Index ETF CAD Hedged | 0.02 | 0.15 | 0.25 | 66 | Nasdaq-100 | COW.TO vs QQC-F.TO | |
| iShares NASDAQ 100 Index ETF (CAD-Hedged) | 0.03 | 0.15 | 0.25 | 66 | Nasdaq-100 | COW.TO vs XQQ.TO | |
| BMO NASDAQ 100 Equity Index ETF | 0.08 | 0.15 | 0.22 | 74 | Nasdaq-100 | COW.TO vs ZNQ.TO | |
| iShares MSCI USA Momentum Factor Index ETF | 0.12 | 0.18 | 0.19 | 65 | Momentum, Large Cap Blend Equities | COW.TO vs XMTM.TO |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from COW.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to COW.TO and solid risk/return profiles. The least correlated is Nutrien Ltd. (NTR.TO) (Basic Materials) with a 1Y correlation of 0.52, down from 0.63 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Nutrien Ltd. | 0.52 | 0.56 | 0.63 | 61 | Basic Materials |
Build a portfolio that complements COW.TO
Add COW.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with COW.TO