Looking to diversify beyond FXM.TO? The ETFs below have historically moved differently from FXM.TO, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for FXM.TO
16 ETFs have low correlation with FXM.TO (below 0.3), 0 of which are negatively correlated. The least correlated is CI Enhanced Short Duration Bond Fund (FSB.TO) (Short-Term Bond) with a 1Y correlation of 0.03, roughly unchanged from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| CI Enhanced Short Duration Bond Fund | 0.03 | 0.02 | 0.09 | 56 | Short-Term Bond, Corporate Bonds, Actively Managed | FXM.TO vs FSB.TO | |
| Purpose High Interest Savings Fund | 0.04 | 0.04 | 0.04 | 100 | Money Market | FXM.TO vs PSA.TO | |
| CI High Interest Savings ETF | 0.05 | 0.03 | 0.05 | 99 | Money Market | FXM.TO vs CSAV.TO | |
| CI Global REIT Private Pool | 0.11 | 0.19 | 0.22 | 59 | REIT | FXM.TO vs CGRE.TO | |
| CI Alternative Investment Grade Credit Fund | 0.18 | 0.08 | 0.05 | 58 | Investment Grade Bonds, Long-Short, Nontraditional Bonds, Actively Managed | FXM.TO vs CRED.TO |
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