Looking to diversify beyond CRQ.NEO? The ETFs below have the lowest correlation with CRQ.NEO — 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 CRQ.NEO.
Best Diversifiers for CRQ.NEO
1 ETFs have low correlation with CRQ.NEO (below 0.3), 0 of which are negatively correlated. The least correlated is iShares S&P/TSX Capped Energy Index ETF (XEG.TO) (Energy Equities) with a 1Y correlation of 0.24, down from 0.52 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P/TSX Capped Energy Index ETF | 0.24 | 0.41 | 0.52 | 64 | Energy Equities, Canada Equities | CRQ.NEO vs XEG.TO | |
| iShares Core S&P 500 Index ETF | 0.35 | 0.41 | 0.41 | 78 | S&P 500 | CRQ.NEO vs XUS.TO | |
| iShares Emerging Markets Fundamental Index ETF | 0.36 | 0.31 | 0.29 | 60 | Emerging Markets Equities | CRQ.NEO vs CWO.NEO | |
| TD Q Canadian Low Volatility ETF | 0.40 | 0.51 | 0.52 | 74 | Canada Equities | CRQ.NEO vs TCLV.TO | |
| iShares Core MSCI All Country World ex Canada Inde... | 0.42 | 0.50 | 0.50 | 83 | Global Equities | CRQ.NEO vs XAW.TO |
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