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
21 ETFs have low correlation with CSAV.TO (below 0.3), 6 of which are negatively correlated. The least correlated is Global X USD Cash Maximizer Corporate Class ETF (HSUV-U.TO) (Money Market) with a 1Y correlation of -0.09, roughly unchanged from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X USD Cash Maximizer Corporate Class ETF | -0.09 | -0.01 | 0.00 | 95 | Money Market | CSAV.TO vs HSUV-U.TO | |
| Purpose USD Cash Management ETF | -0.08 | -0.01 | — | 99 | Ultrashort Bond, Money Market | CSAV.TO vs MNU-U.TO | |
| Purpose US Cash Fund | -0.08 | 0.00 | 0.01 | 99 | Money Market | CSAV.TO vs PSU-U.TO | |
| Global X Active Ultra-Short Term Investment Grade ... | -0.07 | 0.03 | 0.01 | 95 | Ultrashort Bond | CSAV.TO vs HFR.TO | |
| Evolve US High Interest Savings Account Fund | -0.07 | -0.01 | — | 99 | Money Market | CSAV.TO vs HISU-U.TO |
See all 21 diversifiers for CSAV.TO
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