Looking to diversify beyond CXF.TO? The ETFs below have the lowest correlation with CXF.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 CXF.TO.
Best Diversifiers for CXF.TO
3 ETFs have low correlation with CXF.TO (below 0.3), 2 of which are negatively correlated. The least correlated is CI Morningstar International Value Index ETF (Unhedged) (VXM-B.TO) (Foreign Small & Mid Cap Equities) with a 1Y correlation of -0.06, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| CI Morningstar International Value Index ETF (Unhe... | -0.06 | 0.07 | 0.08 | 72 | Foreign Small & Mid Cap Equities | CXF.TO vs VXM-B.TO | |
| CI Canadian Banks Covered Call Income Class ETF | -0.05 | 0.06 | 0.07 | 97 | Financials Equities | CXF.TO vs CIC.TO | |
| CI Auspice Broad Commodity Fund ETF Hedged Units | 0.12 | 0.00 | — | 65 | Commodities | CXF.TO vs CCOM.TO |
Diversification Analysis
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