Looking to diversify beyond USCC-U.TO? The ETFs below have the lowest correlation with USCC-U.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 USCC-U.TO.
Best Diversifiers for USCC-U.TO
4 ETFs have low correlation with USCC-U.TO (below 0.3), 1 of which are negatively correlated. The least correlated is Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC.TO) (Derivative Income) with a 1Y correlation of -0.08, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Canadian Oil and Gas Equity Covered Call ... | -0.08 | 0.14 | 0.21 | 89 | Derivative Income, Energy Equities | USCC-U.TO vs ENCC.TO | |
| Global X High Interest Savings ETF | 0.15 | 0.15 | — | 100 | Money Market | USCC-U.TO vs CASH.TO | |
| Global X 0-3 Month T-Bill ETF | 0.17 | 0.15 | — | 99 | Canadian Government Bonds | USCC-U.TO vs CBIL.TO | |
| Global X Cash Maximizer Corporate Class ETF | 0.19 | 0.17 | 0.28 | 70 | Money Market | USCC-U.TO vs HSAV.TO | |
| Invesco S&P 500 Equal Weight Income Advantage ETF | 0.33 | — | — | 87 | S&P 500, Derivative Income, Equal Weight | USCC-U.TO vs EQLI.TO |
See all 21 diversifiers for USCC-U.TO
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Diversification Analysis
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