Looking to diversify beyond CRED.TO? The ETFs below have the lowest correlation with CRED.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 CRED.TO.
Best Diversifiers for CRED.TO
12 ETFs have low correlation with CRED.TO (below 0.3), 2 of which are negatively correlated. The least correlated is Global X Active Ultra-Short Term Investment Grade Bond ETF (HFR.TO) (Ultrashort Bond) with a 1Y correlation of -0.09, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Active Ultra-Short Term Investment Grade ... | -0.09 | -0.02 | 0.02 | 96 | Ultrashort Bond, Investment Grade Bonds | CRED.TO vs HFR.TO | |
| PIMCO Global Short Maturity Fund (Canada) | -0.02 | -0.03 | -0.03 | 77 | Ultrashort Bond, Global Bonds, Investment Grade Bonds, Actively Managed | CRED.TO vs PMNT.TO | |
| Invesco 1-5 Year Laddered Investment Grade Corpora... | 0.01 | 0.11 | 0.12 | 63 | Corporate Bonds, Investment Grade Bonds | CRED.TO vs PSB.TO | |
| CI Global Climate Leaders Fund | 0.04 | 0.00 | 0.04 | 68 | Alternative Energy Equities, Sustainable, Global Equities, Actively Managed, Energy Equities | CRED.TO vs CLML.TO | |
| PICTON Long Short Equity Alternative Fund | 0.05 | 0.02 | -0.00 | 75 | Long-Short, Canada Equities, Global Equities, Actively Managed | CRED.TO vs PFLS.TO |
See all 12 diversifiers for CRED.TO
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