Looking to diversify beyond BASE.TO? The ETFs below have the lowest correlation with BASE.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 BASE.TO.
Best Diversifiers for BASE.TO
3 ETFs have low correlation with BASE.TO (below 0.3), 2 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... | -0.06 | — | — | 86 | Derivative Income | BASE.TO vs UTES.TO | |
| Evolve Canadian Energy Enhanced Yield Index Fund E... | -0.00 | — | — | 62 | Energy Equities | BASE.TO vs OILY.TO | |
| Global X Canadian Oil and Gas Equity Covered Call ... | 0.02 | 0.26 | 0.39 | 77 | Derivative Income, Energy Equities | BASE.TO vs ENCC.TO | |
| Evolve Canadian Banks and Lifecos Enhanced Yield I... | 0.34 | 0.42 | — | 97 | Derivative Income | BASE.TO vs BANK.TO | |
| Evolve European Banks Enhanced Yield ETF Hedged CA... | 0.36 | 0.27 | — | 58 | Financials Equities, Derivative Income | BASE.TO vs EBNK.TO |
See all 11 diversifiers for BASE.TO
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