Looking to diversify beyond EBIT.TO? The ETFs below have historically moved differently from EBIT.TO, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for EBIT.TO
4 ETFs have low correlation with EBIT.TO (below 0.3), 1 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Evolve Canadian Utilities Enhanced Yield Index Fun... | -0.17 | — | — | 64 | Utilities Equities, Derivative Income, Leveraged Equities | EBIT.TO vs UTES.TO | |
| Evolve High Interest Savings Account ETF | 0.00 | 0.05 | 0.01 | 99 | Money Market | EBIT.TO vs HISA.NEO | |
| Evolve Canadian Energy Enhanced Yield Index Fund E... | 0.02 | — | — | 82 | Energy Equities | EBIT.TO vs OILY.TO | |
| Evolve Canadian Banks and Lifecos Enhanced Yield I... | 0.28 | 0.24 | — | 98 | Derivative Income | EBIT.TO vs BANK.TO | |
| Evolve European Banks Enhanced Yield ETF Hedged CA... | 0.36 | 0.18 | — | 69 | Financials Equities, Derivative Income | EBIT.TO vs EBNK.TO |
See all 6 diversifiers for EBIT.TO
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