Looking to diversify beyond CWO.NEO? The ETFs below have the lowest correlation with CWO.NEO — 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 CWO.NEO.
Best Diversifiers for CWO.NEO
2 ETFs have low correlation with CWO.NEO (below 0.3), 1 of which are negatively correlated. The least correlated is Global X High Interest Savings ETF (CASH.TO) (Money Market) with a 1Y correlation of -0.10, roughly unchanged from -0.01 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X High Interest Savings ETF | -0.10 | -0.01 | — | 100 | Money Market | CWO.NEO vs CASH.TO | |
| iShares Core MSCI Canadian Quality Dividend Index ... | 0.22 | 0.27 | 0.27 | 98 | Dividend, Large Cap Value Equities | CWO.NEO vs XDIV.TO | |
| iShares Canadian Fundamental Index ETF | 0.35 | 0.30 | 0.28 | 96 | Canada Equities | CWO.NEO vs CRQ.NEO | |
| iShares Japan Fundamental Index ETF (CAD-Hedged) | 0.41 | 0.30 | 0.27 | 86 | Japan Equities | CWO.NEO vs CJP.NEO | |
| iShares S&P/TSX 60 Index ETF | 0.42 | 0.36 | 0.33 | 82 | Canada Equities | CWO.NEO vs XIU.TO |
See all 20 diversifiers for CWO.NEO
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements CWO.NEO
Add CWO.NEO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with CWO.NEO