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
7 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 | -0.06 | — | — | 99 | Money Market | VXM-B.TO vs CMNY.TO | |
| CI Preferred Share ETF | -0.00 | 0.12 | 0.12 | 88 | Preferred Stock/Convertible Bonds | VXM-B.TO vs FPR.TO | |
| CI Marret Alternative Enhanced Yield Fund | 0.03 | 0.09 | 0.08 | 66 | Nontraditional Bonds | VXM-B.TO vs CMEY.TO | |
| CI Auspice Broad Commodity Fund ETF Hedged Units | 0.10 | 0.10 | — | 65 | Commodities | VXM-B.TO vs CCOM.TO | |
| CI Global Real Asset Private Pool | 0.13 | 0.12 | 0.13 | 76 | Global Allocation | VXM-B.TO vs CGRA.TO |
See all 19 diversifiers for VXM-B.TO
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Diversification Analysis
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