Looking to balance out your exposure to CSH-UN.TO? The ETFs below have the lowest correlation with CSH-UN.TO — they tend to move on their own, which can help reduce risk when CSH-UN.TO drops. The stock ideas table highlights individual companies that behave independently from CSH-UN.TO.
Best Diversifiers for CSH-UN.TO
11 ETFs have low correlation with CSH-UN.TO (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Premium Money Market ETF (CMR.TO) (Money Market) with a 1Y correlation of 0.01, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Premium Money Market ETF | 0.01 | -0.01 | -0.01 | 100 | Money Market | CSH-UN.TO vs CMR.TO | |
| BMO Money Market Fund ETF Series | 0.05 | -0.01 | 0.00 | 99 | Money Market | CSH-UN.TO vs ZMMK.TO | |
| Global X U.S. Dollar Currency ETF | 0.05 | -0.09 | -0.18 | 51 | Currency | CSH-UN.TO vs DLR.TO | |
| Global X Artificial Intelligence Semiconductor Ind... | 0.08 | 0.12 | 0.20 | 89 | Semiconductors, Technology Equities | CSH-UN.TO vs CHPS.TO | |
| Invesco NASDAQ 100 Index ETF CAD Hedged | 0.13 | 0.18 | 0.26 | 51 | Nasdaq-100 | CSH-UN.TO vs QQC-F.TO |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CSH-UN.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CSH-UN.TO and solid risk/return profiles. The least correlated is Whitecap Resources Inc. (WCP.TO) (Energy) with a 1Y correlation of -0.14, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Whitecap Resources Inc. | -0.14 | -0.03 | 0.06 | 93 | Energy | |
| Canadian Natural Resources Limited | -0.10 | 0.01 | 0.09 | 83 | Energy | |
| Rogers Communications Inc | -0.04 | 0.12 | 0.15 | 53 | Communication Services | |
| Peyto Exploration & Development Corp. | 0.00 | 0.07 | 0.13 | 77 | Energy | |
| Keyera Corp. | 0.01 | 0.10 | 0.16 | 88 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements CSH-UN.TO
Add CSH-UN.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with CSH-UN.TO