Looking to diversify beyond ONEB.TO? The ETFs below have the lowest correlation with ONEB.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 ONEB.TO.
Best Diversifiers for ONEB.TO
4 ETFs have low correlation with ONEB.TO (below 0.3), 2 of which are negatively correlated. The least correlated is CI Auspice Broad Commodity Fund ETF Hedged Units (CCOM.TO) (Commodities) with a 1Y correlation of -0.20, roughly unchanged from -0.13 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| CI Auspice Broad Commodity Fund ETF Hedged Units | -0.20 | -0.13 | — | 65 | Commodities | ONEB.TO vs CCOM.TO | |
| CI Money Market ETF CAD Series | -0.01 | — | — | 99 | Money Market | ONEB.TO vs CMNY.TO | |
| CI Equity Asset Allocation ETF | 0.13 | 0.09 | — | 92 | Diversified Portfolio | ONEB.TO vs CEQT.TO | |
| CI Morningstar International Value Index ETF (Unhe... | 0.26 | 0.15 | 0.14 | 72 | Foreign Small & Mid Cap Equities | ONEB.TO vs VXM-B.TO |
Diversification Analysis
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