Looking to diversify beyond ESGB.TO? The ETFs below have the lowest correlation with ESGB.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 ESGB.TO.
Best Diversifiers for ESGB.TO
14 ETFs have low correlation with ESGB.TO (below 0.3), 0 of which are negatively correlated. The least correlated is CI Alternative Investment Grade Credit Fund (CRED.TO) (Investment Grade Bonds) with a 1Y correlation of 0.01, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| CI Alternative Investment Grade Credit Fund | 0.01 | 0.14 | 0.12 | 71 | Investment Grade Bonds, Long-Short, Nontraditional Bonds, Actively Managed | ESGB.TO vs CRED.TO | |
| Mackenzie Floating Rate Income ETF | 0.03 | 0.01 | 0.05 | 55 | Corporate Bonds | ESGB.TO vs MFT.TO | |
| TD Select U.S. Short Term Corporate Bond Ladder ET... | 0.14 | 0.20 | 0.17 | 64 | Short-Term Bond, Corporate Bonds | ESGB.TO vs TUSB.TO | |
| CIBC Active Investment Grade Floating Rate Bond ET... | 0.15 | 0.07 | 0.05 | 94 | Corporate Bonds, Investment Grade Bonds | ESGB.TO vs CFRN.TO | |
| BMO Money Market Fund ETF Series | 0.15 | 0.10 | — | 99 | Money Market | ESGB.TO vs ZMMK.TO |
See all 21 diversifiers for ESGB.TO
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