Looking to diversify beyond MNU-U.TO? The ETFs below have historically moved differently from MNU-U.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 MNU-U.TO
22 ETFs have low correlation with MNU-U.TO (below 0.3), 8 of which are negatively correlated. The least correlated is Evolve High Interest Savings Account ETF (HISA.NEO) (Money Market) with a 1Y correlation of -0.08, roughly unchanged from -0.03 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Evolve High Interest Savings Account ETF | -0.08 | -0.03 | — | 99 | Money Market | MNU-U.TO vs HISA.NEO | |
| CIBC Premium Cash Management ETF | -0.05 | — | — | 99 | Money Market | MNU-U.TO vs CCAD.TO | |
| BMO Ultra Short-Term Bond ETF | -0.05 | 0.04 | — | 61 | Ultrashort Bond | MNU-U.TO vs ZST.TO | |
| Global X USD Cash Maximizer Corporate Class ETF | -0.04 | 0.06 | — | 95 | Money Market | MNU-U.TO vs HSUV-U.TO | |
| Dynamic Active Ultra Short Term Bond ETF | -0.02 | 0.08 | — | 88 | Ultrashort Bond, Corporate Bonds, Actively Managed | MNU-U.TO vs DXV.TO |
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