Looking to diversify beyond VXM-B.TO? The ETFs below have the lowest correlation with VXM-B.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 VXM-B.TO.
Best Diversifiers for VXM-B.TO
3 ETFs have low correlation with VXM-B.TO (below 0.3), 2 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| CI Money Market ETF CAD Series | -0.04 | — | — | 99 | Money Market | VXM-B.TO vs CMNY.TO | |
| CI Energy Giants Covered Call ETF Common Units (CA... | -0.02 | 0.12 | 0.11 | 73 | Energy Equities, Derivative Income | VXM-B.TO vs NXF.TO | |
| CI Auspice Broad Commodity Fund ETF Hedged Units | 0.09 | 0.13 | — | 70 | Commodities | VXM-B.TO vs CCOM.TO | |
| CI Equity Asset Allocation ETF | 0.35 | 0.22 | — | 90 | Diversified Portfolio | VXM-B.TO vs CEQT.TO | |
| CI Morningstar International Momentum Index ETF Co... | 0.41 | 0.34 | 0.29 | 71 | Momentum, Foreign Large Cap Equities | VXM-B.TO vs ZXM.TO |
See all 11 diversifiers for VXM-B.TO
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Diversification Analysis
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