Skip to main content

Want a detailed portfolio tracker?

31 Stocks and 69 ETFs for diversifying Canadian Imperial Bank Of Commerce (CM)

The least correlated asset to Canadian Imperial Bank Of Commerce (CM) is ETF BNKD (Bank of Montreal). The correlation is -0.7765.

Stocks that lowly correlated with CM

SymbolName
Market cap
SectorIndustry
Correlation
GTERUGloba Terra Acquisition Corp - Units (1 Ord Class A 3/4 War & 1 Rts)$53MFinancial ServicesShell Companies-0.72
ELOGEastern International Ltd$9.59MIndustrialsIntegrated Freight & Logistics-0.66
CLIKClick Holdings Ltd$4.19MConsumer CyclicalPersonal Services-0.63
VCXA10X Capital Venture Acquisition Corp II - Class A$86MN/AN/A-0.63
CCIIWCohen Circle Acquisition Corp II - Warrants(01/07/2030)$3.81MN/AN/A-0.58
AIROAIRO Group Holdings Inc$212MIndustrialsAerospace & Defense-0.57
FIGXUFIGX Capital Acquisition Corp - Units (1 Ord Cls A & 1/2 War)$35MFinancial ServicesShell Companies-0.55
TMDETMD Energy Ltd$21MEnergyOil & Gas Midstream-0.53
TACHTitan Acquisition Corp - Class A$288MFinancial ServicesShell Companies-0.52
JEM707 Cayman Holdings Ltd$3.49MConsumer CyclicalApparel Retail-0.52
QSEAQuartzsea Acquisition Corp$87MFinancial ServicesShell Companies-0.51
LCCCRLakeshore Acquisition III Corp$349KN/AN/A-0.51
IROHUCN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts)$453MN/AN/A-0.51
SDHIRSiddhi Acquisition Corp$1.13MN/AN/A-0.50
CRECre8 Enterprise Ltd Class A$6.60MIndustrialsSpecialty Business Services-0.50
INACIndigo Acquisition Corp$118MFinancial ServicesShell Companies-0.50
AAMAA Mission Acquisition Corp.$368MFinancial ServicesShell Companies-0.48
OHPAOrion Acquisition Corp - Class A$417MN/AN/A-0.48
PVLAPalvella Therapeutics Inc$2.18BHealthcareBiotechnology-0.47
FLACFrazier Lifesciences Acquisition Corp - Class A$175MN/AN/A-0.46
CPSRGelesis Holdings Inc - Class A$1.87BN/AN/A-0.46
UBXGU-BX Technology Ltd$6.42MCommunication ServicesAdvertising Agencies-0.46
VNMEUVendome Acquisition Corp I - Units (1 Ord Cls A & 1/2 War)$52MFinancial ServicesShell Companies-0.45
BRLIBrilliant Acquisition Corp$5.92MN/AN/A-0.45
ZSPCZspace Inc$2.96MTechnologyComputer Hardware-0.44
KCHVKochav Defense Acquisition Corp - Class A$263MFinancial ServicesShell Companies-0.43
TGHLGrowhub Ltd (The) - Class A$19MTechnologySoftware - Infrastructure-0.43
EMAEmera Incorporated$16BUtilitiesUtilities - Regulated Electric-0.42
RNERUMount Rainier Acquisition Corp - Unit (1 Ordinary share & 1 Wrt)$125MN/AN/A-0.42
VCKAUScilex Holding Company - Units (1 Ord & 1/2 War)$37MN/AN/A-0.41
WYHGWing Yip Food Holdings Group Ltd$59MConsumer DefensivePackaged Foods-0.40

ETFs that lowly correlated with CM

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.78
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.75
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.74
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.73
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.73
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.72
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.71
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.70
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.70
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.70
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.70
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.69
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.69
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.68
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.66
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.66
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.65
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.65
BTALAGF U.S. MARKET NEUTRAL ANTI-BETA FUND $283M1.40%Sep 13, 2011-0.65
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.64
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.64
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.64
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.63
SMNProShares UltraShort Materials$4.10MN/AJan 30, 2007-0.63
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.62
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.62
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.61
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.80M1.01%Oct 2, 2024-0.59
SRSProShares UltraShort Real Estate -2x Shares$16MN/AJan 30, 2007-0.59
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.58
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.58
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.57
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.56
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $82M0.79%Jun 28, 2024-0.56
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $5.20MN/AJan 3, 2024-0.56
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $14MN/ADec 17, 2008-0.56
AVSDIREXION DAILY AVGO BEAR 1X SHARES $7.50M1.03%Oct 9, 2024-0.55
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.55
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.53
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.53
DRIPDirexion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF$131MN/AMay 28, 2015-0.53
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$2.60MN/AOct 30, 2007-0.53
DUGProShares UltraShort Energy$27MN/AJan 30, 2007-0.52
TAILCAMBRIA TAIL RISK ETF $147M0.59%Apr 5, 2017-0.51
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.51
ERYDIREXION DAILY ENERGY BEAR 2X SHARES $49MN/ANov 6, 2008-0.50
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $16M1.11%Aug 14, 2024-0.50
DIPSYIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF $8.20M1.05%Jul 23, 2024-0.49
BRKUDIREXION DAILY BRKB BULL 2X SHARES $45MN/ADec 10, 2024-0.48
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $35M0.50%Mar 6, 2024-0.48
MMKTTEXAS CAPITAL GOVERNMENT MONEY MARKET ETF $73M0.20%Sep 24, 2024-0.48
LFBEStone Ridge 2065 Longevity Income ETF$3.20M0.25%Jan 3, 2025-0.47
SPXUProShares UltraPro Short S&P 500$427MN/AJun 23, 2009-0.47
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.47
SCOProShares UltraShort Bloomberg Crude Oil -2x Shares$895MN/ANov 24, 2008-0.47
TSLQTradr 2X Short TSLA Daily ETF$114MN/AJul 13, 2022-0.46
SARKTRADR 1X SHORT INNOVATION DAILY ETF $43M0.92%Nov 5, 2021-0.45
TSLSDirexion Daily TSLA Bear 1X Shares$66M0.95%Aug 8, 2022-0.45
OILDBank of Montreal$53MN/ANov 8, 2021-0.45
AIBDDirexion Daily AI and Big Data Bear 2X ETF$4.70MN/AMay 15, 2024-0.44
RTXGLeverage Shares 2X Long RTX Daily ETF$4.50MN/AJun 5, 2025-0.44
BZQProShares UltraShort MSCI Brazil Capped ETF -2x Shares$3.20MN/AJun 16, 2009-0.43
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.43
SOFRAmplify Samsung SOFR ETF$445M0.20%Nov 14, 2023-0.43
CRSHYIELDMAX(R) SHORT TSLA OPTION INCOME STRATEGY ETF $16M1.05%May 1, 2024-0.42
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $8.70MN/ANov 7, 2019-0.42
PANGLEVERAGE SHARES 2X LONG PANW DAILY ETF $8.90MN/AMar 20, 2025-0.42
WTIDBank of Montreal$18MN/AFeb 16, 2023-0.41
TSLZT-REX 2X INVERSE TESLA DAILY TARGET ETF $31MN/AOct 18, 2023-0.41