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CI Enhanced Short Duration Bond Fund (FSB.TO) Diversifiers

ETF · Currency in CAD · Last updated Jul 25, 2026

CI Enhanced Short Duration Bond Fund is an actively managed, low-volatility fixed-income ETF investing across the credit spectrum with an emphasis on short-dated U.S. and Canadian corporate bonds and a typical portfolio duration below two years.

Looking to diversify beyond FSB.TO? The ETFs below have the lowest correlation with FSB.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 FSB.TO.

Best Diversifiers for FSB.TO

5 ETFs have low correlation with FSB.TO (below 0.3), 1 of which are negatively correlated. The least correlated is Mackenzie Canadian Short Term Fixed Income ETF (MCSB.TO) (Short-Term Bond) with a 1Y correlation of -0.01, down from 0.22 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
MCSB.TO
Mackenzie Canadian Short Term Fixed Income ETF-0.010.190.22
67
Short-Term BondFSB.TO vs MCSB.TO
CFRN.TO
CIBC Active Investment Grade Floating Rate Bond ET...0.040.010.03
94
Corporate Bonds, Investment Grade BondsFSB.TO vs CFRN.TO
DIVS.TO
Evolve Active Canadian Preferred Share Fund0.100.040.02
94
Actively Managed, Preferred StockFSB.TO vs DIVS.TO
QSB.TO
Mackenzie Canadian Short-Term Bond Index ETF0.170.210.25
66
Short-Term BondFSB.TO vs QSB.TO
XSB.TO
iShares Core Canadian Short Term Bond Index ETF0.290.370.39
64
Short-Term Bond, Canadian Government BondsFSB.TO vs XSB.TO

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Diversification Analysis

Build a portfolio that complements FSB.TO

Add FSB.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with FSB.TO