Looking to diversify beyond BCCL.NEO? The ETFs below have the lowest correlation with BCCL.NEO — 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 BCCL.NEO.
Best Diversifiers for BCCL.NEO
25 ETFs have low correlation with BCCL.NEO (below 0.3), 4 of which are negatively correlated. The least correlated is Global X High Interest Savings ETF (CASH.TO) (Money Market) with a 1Y correlation of -0.05, roughly unchanged from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X High Interest Savings ETF | -0.05 | -0.04 | -0.04 | 100 | Money Market | BCCL.NEO vs CASH.TO | |
| Hamilton Utilities YIELD MAXIMIZER ETF | -0.02 | — | — | 58 | Derivative Income, Utilities Equities | BCCL.NEO vs UMAX.TO | |
| BMO Covered Call Utilities ETF | -0.02 | -0.01 | -0.01 | 58 | Utilities Equities, Derivative Income | BCCL.NEO vs ZWU.TO | |
| Harvest Equal Weight Global Utilities Enhanced Inc... | -0.02 | -0.01 | -0.01 | 58 | Derivative Income, Utilities Equities | BCCL.NEO vs HUTE.TO | |
| Global X 0-3 Month T-Bill ETF | 0.02 | — | — | 99 | Canadian Government Bonds | BCCL.NEO vs CBIL.TO |
See all 34 diversifiers for BCCL.NEO
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