Looking to diversify beyond GCNS.TO? The ETFs below have the lowest correlation with GCNS.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 GCNS.TO.
Best Diversifiers for GCNS.TO
13 ETFs have low correlation with GCNS.TO (below 0.3), 1 of which are negatively correlated. The least correlated is iShares Premium Money Market ETF (CMR.TO) (Money Market) with a 1Y correlation of -0.01, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Premium Money Market ETF | -0.01 | 0.04 | 0.03 | 99 | Money Market | GCNS.TO vs CMR.TO | |
| iShares S&P/TSX Composite High Dividend Index ETF | 0.02 | 0.13 | 0.18 | 98 | Canada Equities | GCNS.TO vs XEI.TO | |
| Franklin Growth ETF Portfolio | 0.12 | — | — | 90 | Diversified Portfolio | GCNS.TO vs GRO.TO | |
| BMO Canadian Bank Income Index ETF | 0.12 | 0.20 | — | 85 | Canadian Government Bonds | GCNS.TO vs ZBI.TO | |
| iShares Core MSCI Canadian Quality Dividend Index ... | 0.12 | 0.15 | 0.18 | 98 | Dividend, Large Cap Value Equities | GCNS.TO vs XDIV.TO |
See all 39 diversifiers for GCNS.TO
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