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
7 ETFs have low correlation with ONEB.TO (below 0.3), 3 of which are negatively correlated. The least correlated is CI Energy Giants Covered Call ETF Common Units (CAD Hedged) (NXF.TO) (Energy Equities) with a 1Y correlation of -0.31, down from -0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| CI Energy Giants Covered Call ETF Common Units (CA... | -0.31 | -0.13 | -0.07 | 68 | Energy Equities, Derivative Income, Options Trading, Actively Managed | ONEB.TO vs NXF.TO | |
| CI Auspice Broad Commodity Fund ETF Hedged Units | -0.20 | -0.13 | — | 82 | Commodities | ONEB.TO vs CCOM.TO | |
| CI Money Market ETF CAD Series | -0.02 | — | — | 99 | Money Market | ONEB.TO vs CMNY.TO | |
| CI Global Core Plus Equity ETF | 0.03 | 0.05 | 0.11 | 92 | Global Equities, Actively Managed | ONEB.TO vs ONEQ.TO | |
| CI Equity Asset Allocation ETF | 0.18 | 0.10 | — | 92 | Diversified Portfolio | ONEB.TO vs CEQT.TO |
See all 9 diversifiers for ONEB.TO
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