Looking to diversify beyond AMHE.TO? The ETFs below have the lowest correlation with AMHE.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 AMHE.TO.
Best Diversifiers for AMHE.TO
3 ETFs have low correlation with AMHE.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Harvest Equal Weight Global Utilities Enhanced Income ETF (HUTE.TO) (Derivative Income) with a 1Y correlation of 0.04, roughly unchanged from -0.02 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Harvest Equal Weight Global Utilities Enhanced Inc... | 0.04 | -0.02 | — | 59 | Derivative Income, Utilities Equities | AMHE.TO vs HUTE.TO | |
| Global X Enhanced S&P 500 Index ETF | 0.21 | — | — | 80 | Leveraged Equities, S&P 500 | AMHE.TO vs USSL.TO | |
| BetaPro S&P/TSX 60 2x Daily Bull ETF | 0.28 | — | — | 80 | Leveraged Equities | AMHE.TO vs CNDU.TO | |
| Hamilton Enhanced Canadian Bank ETF | 0.31 | — | — | 96 | Leveraged Equities | AMHE.TO vs HCAL.TO | |
| Global X Enhanced Nasdaq-100 Index ETF | 0.33 | — | — | 83 | Nasdaq-100, Leveraged Equities | AMHE.TO vs QQQL.TO |
See all 12 diversifiers for AMHE.TO
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