Looking to diversify beyond UMI.TO? The ETFs below have the lowest correlation with UMI.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 UMI.TO.
Best Diversifiers for UMI.TO
8 ETFs have low correlation with UMI.TO (below 0.3), 2 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 -0.14, down from 0.23 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... | -0.14 | 0.08 | 0.23 | 64 | Energy Equities, Derivative Income | UMI.TO vs NXF.TO | |
| CI Auspice Broad Commodity Fund ETF Hedged Units | -0.01 | 0.08 | — | 78 | Commodities | UMI.TO vs CCOM.TO | |
| CI Money Market ETF CAD Series | 0.00 | — | — | 99 | Money Market | UMI.TO vs CMNY.TO | |
| CI Global Infrastructure Private Pool | 0.08 | 0.27 | 0.32 | 85 | Utilities Equities | UMI.TO vs CINF.TO | |
| CI Canadian Banks Covered Call Income Class ETF | 0.08 | 0.24 | 0.39 | 97 | Financials Equities | UMI.TO vs CIC.TO |
See all 9 diversifiers for UMI.TO
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