Looking to diversify beyond CSAV.TO? The ETFs below have historically moved differently from CSAV.TO, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for CSAV.TO
33 ETFs have low correlation with CSAV.TO (below 0.3), 5 of which are negatively correlated. The least correlated is CI Health Care Giants Covered Call ETF (FHI.TO) (Derivative Income) with a 1Y correlation of -0.04, roughly unchanged from -0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| CI Health Care Giants Covered Call ETF | -0.04 | -0.04 | -0.01 | 68 | Derivative Income, Health & Biotech Equities, Options Trading, Actively Managed | CSAV.TO vs FHI.TO | |
| Global X Active Ultra-Short Term Investment Grade ... | -0.04 | 0.03 | 0.02 | 96 | Ultrashort Bond, Investment Grade Bonds | CSAV.TO vs HFR.TO | |
| CI Morningstar National Bank Québec Index ETF | -0.01 | 0.00 | 0.02 | 63 | Canada Equities | CSAV.TO vs QXM.TO | |
| CI Alternative Investment Grade Credit Fund | -0.01 | 0.03 | 0.01 | 58 | Investment Grade Bonds, Long-Short, Nontraditional Bonds, Actively Managed | CSAV.TO vs CRED.TO | |
| CI Global Infrastructure Private Pool | -0.00 | 0.02 | -0.00 | 83 | Infrastructure Equities, Utilities Equities | CSAV.TO vs CINF.TO |
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