Looking to diversify beyond CSAV.TO? The ETFs below have the lowest correlation with CSAV.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 CSAV.TO.
Best Diversifiers for CSAV.TO
20 ETFs have low correlation with CSAV.TO (below 0.3), 2 of which are negatively correlated. The least correlated is Purpose USD Cash Management ETF (MNU-U.TO) (Ultrashort Bond) with a 1Y correlation of -0.05, roughly unchanged from 0.02 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Purpose USD Cash Management ETF | -0.05 | 0.02 | — | 100 | Ultrashort Bond, Money Market | CSAV.TO vs MNU-U.TO | |
| CIBC Premium Cash Management ETF | -0.05 | — | — | 99 | Money Market | CSAV.TO vs CCAD.TO | |
| CI WisdomTree Japan Equity Index ETF | 0.02 | -0.03 | 0.01 | 89 | Japan Equities | CSAV.TO vs JAPN.TO | |
| Global X Active Ultra-Short Term Investment Grade ... | 0.03 | 0.04 | 0.01 | 95 | Ultrashort Bond | CSAV.TO vs HFR.TO | |
| Purpose US Cash Fund | 0.03 | 0.04 | 0.04 | 100 | Money Market | CSAV.TO vs PSU-U.TO |
See all 20 diversifiers for CSAV.TO
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