Looking to diversify beyond QXM.TO? The ETFs below have the lowest correlation with QXM.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 QXM.TO.
Best Diversifiers for QXM.TO
10 ETFs have low correlation with QXM.TO (below 0.3), 4 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 -0.17, down from 0.15 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... | -0.17 | 0.05 | 0.15 | 68 | Energy Equities, Derivative Income, Options Trading, Actively Managed | QXM.TO vs NXF.TO | |
| iShares S&P/TSX Capped Energy Index ETF | -0.13 | 0.07 | 0.16 | 90 | Energy Equities, Canada Equities | QXM.TO vs XEG.TO | |
| CI Auspice Broad Commodity Fund ETF Hedged Units | -0.04 | 0.04 | — | 82 | Commodities | QXM.TO vs CCOM.TO | |
| CI Money Market ETF CAD Series | -0.00 | — | — | 99 | Money Market | QXM.TO vs CMNY.TO | |
| CI Canadian Short-Term Aggregate Bond Index ETF | 0.18 | 0.10 | 0.07 | 64 | Short-Term Bond | QXM.TO vs CAGS.TO |
See all 41 diversifiers for QXM.TO
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