Looking to diversify beyond CYBR.TO? The ETFs below have the lowest correlation with CYBR.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 CYBR.TO.
Best Diversifiers for CYBR.TO
8 ETFs have low correlation with CYBR.TO (below 0.3), 1 of which are negatively correlated. The least correlated is iShares S&P/TSX Capped Energy Index ETF (XEG.TO) (Energy Equities) with a 1Y correlation of -0.01, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P/TSX Capped Energy Index ETF | -0.01 | 0.07 | 0.13 | 86 | Energy Equities | CYBR.TO vs XEG.TO | |
| Purpose Cash Management Fund | 0.00 | 0.00 | — | 100 | Money Market | CYBR.TO vs MNY.TO | |
| BMO Short Corporate Bond Index ETF | 0.12 | 0.09 | 0.10 | 56 | Canadian Government Bonds | CYBR.TO vs ZCS.TO | |
| Vanguard FTSE Canadian High Dividend Yield Index E... | 0.19 | 0.24 | 0.28 | 98 | Dividend | CYBR.TO vs VDY.TO | |
| iShares Global Clean Energy Index ETF | 0.19 | 0.18 | — | 88 | Alternative Energy Equities | CYBR.TO vs XCLN.TO |
See all 15 diversifiers for CYBR.TO
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements CYBR.TO
Add CYBR.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with CYBR.TO