Looking to diversify beyond CWW.TO? The ETFs below have the lowest correlation with CWW.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 CWW.TO.
Best Diversifiers for CWW.TO
2 ETFs have low correlation with CWW.TO (below 0.3), 0 of which are negatively correlated. The least correlated is iShares S&P/TSX Capped Utilities Index ETF (XUT.TO) (Utilities Equities) with a 1Y correlation of 0.27, down from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P/TSX Capped Utilities Index ETF | 0.27 | 0.40 | 0.42 | 84 | Utilities Equities | CWW.TO vs XUT.TO | |
| iShares S&P/TSX Composite High Dividend Index ETF | 0.29 | 0.44 | 0.45 | 98 | Canada Equities | CWW.TO vs XEI.TO | |
| iShares S&P/TSX Completion Index ETF | 0.31 | 0.39 | 0.46 | 68 | Canada Equities | CWW.TO vs XMD.TO | |
| iShares S&P/TSX Global Base Metals Index ETF | 0.31 | 0.30 | 0.33 | 85 | Energy Equities | CWW.TO vs XBM.TO | |
| iShares Core Canadian Short Term Corporate Bond In... | 0.33 | 0.28 | 0.26 | 53 | Canadian Government Bonds | CWW.TO vs XSH.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 CWW.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CWW.TO and solid risk/return profiles. The least correlated is Enbridge Inc. (ENB.TO) (Energy) with a 1Y correlation of 0.09, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enbridge Inc. | 0.09 | 0.22 | 0.24 | 81 | Energy |
Build a portfolio that complements CWW.TO
Add CWW.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with CWW.TO