Looking to diversify beyond WSHR.NEO? The ETFs below have the lowest correlation with WSHR.NEO — 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 WSHR.NEO.
Best Diversifiers for WSHR.NEO
8 ETFs have low correlation with WSHR.NEO (below 0.3), 0 of which are negatively correlated. The least correlated is Mackenzie Canadian Short Term Fixed Income ETF (MCSB.TO) (Short-Term Bond) with a 1Y correlation of 0.06, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Mackenzie Canadian Short Term Fixed Income ETF | 0.06 | 0.12 | 0.11 | 67 | Short-Term Bond | WSHR.NEO vs MCSB.TO | |
| Mackenzie AAA CLO ETF | 0.07 | — | — | 94 | CLO | WSHR.NEO vs MAAA.TO | |
| Mackenzie Floating Rate Income ETF | 0.17 | 0.14 | 0.14 | 55 | Corporate Bonds | WSHR.NEO vs MFT.TO | |
| CI Global Core Plus Equity ETF | 0.22 | 0.25 | 0.30 | 92 | Global Equities, Actively Managed | WSHR.NEO vs ONEQ.TO | |
| Mackenzie International Equity Index ETF (CAD-Hedg... | 0.22 | 0.21 | 0.19 | 86 | Foreign Large Cap Equities | WSHR.NEO vs QDXH.TO |
See all 39 diversifiers for WSHR.NEO
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