Looking to diversify beyond MNU-U.TO? The ETFs below have the lowest correlation with MNU-U.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 MNU-U.TO.
Best Diversifiers for MNU-U.TO
16 ETFs have low correlation with MNU-U.TO (below 0.3), 12 of which are negatively correlated. The least correlated is Global X Active Ultra-Short Term Investment Grade Bond ETF (HFR.TO) (Ultrashort Bond) with a 1Y correlation of -0.08, roughly unchanged from 0.00 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Active Ultra-Short Term Investment Grade ... | -0.08 | 0.00 | — | 95 | Ultrashort Bond | MNU-U.TO vs HFR.TO | |
| Vanguard Canadian Ultra-Short Government Bond Inde... | -0.06 | — | — | 99 | Canadian Government Bonds, Ultrashort Bond | MNU-U.TO vs VVSG.TO | |
| BMO Money Market Fund ETF Series | -0.06 | 0.01 | — | 99 | Money Market | MNU-U.TO vs ZMMK.TO | |
| Evolve High Interest Savings Account ETF | -0.06 | -0.01 | — | 99 | Money Market | MNU-U.TO vs HISA.NEO | |
| CIBC Premium Cash Management ETF | -0.06 | — | — | 99 | Money Market | MNU-U.TO vs CCAD.TO |
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