Looking to diversify beyond AVGY.TO? The ETFs below have the lowest correlation with AVGY.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 AVGY.TO.
Best Diversifiers for AVGY.TO
21 ETFs have low correlation with AVGY.TO (below 0.3), 8 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Evolve Canadian Utilities Enhanced Yield Index Fun... | -0.19 | — | — | 75 | Derivative Income | AVGY.TO vs UTES.TO | |
| BMO Covered Call Utilities ETF | -0.16 | — | — | 58 | Utilities Equities, Derivative Income | AVGY.TO vs ZWU.TO | |
| Hamilton Utilities YIELD MAXIMIZER ETF | -0.14 | — | — | 58 | Derivative Income, Utilities Equities | AVGY.TO vs UMAX.TO | |
| CI Energy Giants Covered Call ETF Common Units (CA... | -0.13 | — | — | 73 | Energy Equities, Derivative Income | AVGY.TO vs NXF.TO | |
| Hamilton Energy YIELD MAXIMIZER ETF | -0.12 | — | — | 70 | Energy Equities, Derivative Income | AVGY.TO vs EMAX.TO |
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