Looking to diversify beyond WXM.TO? The ETFs below have historically moved differently from WXM.TO, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for WXM.TO
21 ETFs have low correlation with WXM.TO (below 0.3), 0 of which are negatively correlated. The least correlated is CI High Interest Savings ETF (CSAV.TO) (Money Market) with a 1Y correlation of 0.03, roughly unchanged from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| CI High Interest Savings ETF | 0.03 | 0.05 | 0.05 | 99 | Money Market | WXM.TO vs CSAV.TO | |
| iShares S&P/TSX Capped Energy Index ETF | 0.05 | 0.25 | 0.44 | 89 | Energy Equities, Canada Equities | WXM.TO vs XEG.TO | |
| CI Enhanced Short Duration Bond Fund | 0.09 | 0.07 | 0.13 | 53 | Short-Term Bond, Corporate Bonds, Actively Managed | WXM.TO vs FSB.TO | |
| CI Preferred Share ETF | 0.09 | 0.07 | 0.07 | 86 | Preferred Stock | WXM.TO vs FPR.TO | |
| CI Alternative Investment Grade Credit Fund | 0.10 | 0.03 | 0.01 | 53 | Investment Grade Bonds, Long-Short, Nontraditional Bonds, Actively Managed | WXM.TO vs CRED.TO |
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