Looking to diversify beyond CPCC.TO? The ETFs below have the lowest correlation with CPCC.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 CPCC.TO.
Best Diversifiers for CPCC.TO
1 ETFs have low correlation with CPCC.TO (below 0.3), 1 of which are negatively correlated. The least correlated is Global X Cash Maximizer Corporate Class ETF (HSAV.TO) (Bank Loan) with a 1Y correlation of -0.05, roughly unchanged from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Cash Maximizer Corporate Class ETF | -0.05 | -0.05 | -0.05 | 66 | Bank Loan | CPCC.TO vs HSAV.TO | |
| Evolve Canadian Banks and Lifecos Enhanced Yield I... | 0.40 | 0.40 | 0.40 | 96 | Derivative Income | CPCC.TO vs BANK.TO |
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