PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

Global X MSCI EAFE Covered Call ETF (EACC.NEO) Diversifiers

ETF · Currency in CAD · Last updated Jul 22, 2026

The fund seeks to provide exposure to the MSCI EAFE Index and monthly distributions of dividend and call option income by employing a dynamic covered call option writing program to mitigate downside risk and generate income from developed-market equities in Europe, Australasia and the Far East.

Looking to diversify beyond EACC.NEO? The ETFs below have the lowest correlation with EACC.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 EACC.NEO.

Best Diversifiers for EACC.NEO

14 ETFs have low correlation with EACC.NEO (below 0.3), 6 of which are negatively correlated.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
ENCC.TO
Global X Canadian Oil and Gas Equity Covered Call ...-0.11——
93
Derivative Income, Energy EquitiesEACC.NEO vs ENCC.TO
ENCL.TO
Global X Enhanced Canadian Oil and Gas Equity Cove...-0.11——
93
Energy Equities, Derivative IncomeEACC.NEO vs ENCL.TO
HPF.TO
Harvest Energy Leaders Income ETF Class A CAD Hedg...-0.10——
84
Energy Equities, Derivative IncomeEACC.NEO vs HPF.TO
NXF.TO
CI Energy Giants Covered Call ETF Common Units (CA...-0.08——
64
Energy Equities, Derivative IncomeEACC.NEO vs NXF.TO
EMAX.TO
Hamilton Energy YIELD MAXIMIZER ETF-0.06——
81
Energy Equities, Derivative IncomeEACC.NEO vs EMAX.TO
See all 44 diversifiers for EACC.NEO

To view more results, upgrade your current subscription plan.

Diversification Analysis

Build a portfolio that complements EACC.NEO

Add EACC.NEO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with EACC.NEO