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
0 ETFs have low correlation with CRQ.NEO (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Emerging Markets Fundamental Index ETF (CWO.NEO) (Emerging Markets Equities) with a 1Y correlation of 0.35, roughly unchanged from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Emerging Markets Fundamental Index ETF | 0.35 | 0.30 | 0.28 | 68 | Emerging Markets Equities | CRQ.NEO vs CWO.NEO | |
| iShares Core S&P 500 Index ETF (CAD-Hedged) | 0.41 | 0.49 | 0.52 | 61 | S&P 500 | CRQ.NEO vs XSP.TO | |
| iShares Japan Fundamental Index ETF (CAD-Hedged) | 0.43 | 0.41 | 0.43 | 86 | Japan Equities | CRQ.NEO vs CJP.NEO | |
| iShares S&P/TSX SmallCap Index ETF | 0.47 | 0.58 | 0.63 | 79 | Canada Equities | CRQ.NEO vs XCS.TO | |
| Brompton Split Corp. Enhanced Equity Income ETF | 0.51 | — | — | 96 | Canada Equities | CRQ.NEO vs CLSA.TO |
See all 13 diversifiers for CRQ.NEO
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