Looking to diversify beyond CUD.TO? The ETFs below have the lowest correlation with CUD.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 CUD.TO.
Best Diversifiers for CUD.TO
1 ETFs have low correlation with CUD.TO (below 0.3), 0 of which are negatively correlated. The least correlated is iShares NASDAQ 100 Index ETF (CAD-Hedged) (XQQ.TO) (Nasdaq-100) with a 1Y correlation of 0.27, down from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares NASDAQ 100 Index ETF (CAD-Hedged) | 0.27 | 0.29 | 0.46 | 67 | Nasdaq-100 | CUD.TO vs XQQ.TO | |
| iShares S&P/TSX Composite High Dividend Index ETF | 0.32 | 0.54 | 0.63 | 98 | Canada Equities | CUD.TO vs XEI.TO | |
| Vanguard S&P 500 Index ETF | 0.35 | 0.37 | 0.52 | 78 | S&P 500 | CUD.TO vs VFV.TO | |
| iShares Core S&P 500 Index ETF | 0.35 | 0.38 | 0.53 | 78 | S&P 500 | CUD.TO vs XUS.TO | |
| BMO MSCI USA Value ETF | 0.37 | 0.36 | 0.44 | 97 | Large Cap Value Equities | CUD.TO vs ZVU.TO |
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