Looking to diversify beyond EBNK.TO? The ETFs below have the lowest correlation with EBNK.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 EBNK.TO.
Best Diversifiers for EBNK.TO
10 ETFs have low correlation with EBNK.TO (below 0.3), 5 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Evolve Canadian Energy Enhanced Yield Index Fund E... | -0.17 | — | — | 77 | Energy Equities | EBNK.TO vs OILY.TO | |
| Global X Canadian Oil and Gas Equity Covered Call ... | -0.16 | 0.08 | 0.14 | 85 | Derivative Income, Energy Equities | EBNK.TO vs ENCC.TO | |
| Evolve Canadian Utilities Enhanced Yield Index Fun... | -0.13 | — | — | 75 | Derivative Income | EBNK.TO vs UTES.TO | |
| Hamilton Energy YIELD MAXIMIZER ETF | -0.11 | — | — | 70 | Energy Equities, Derivative Income | EBNK.TO vs EMAX.TO | |
| Evolve US High Interest Savings Account Fund | -0.06 | -0.03 | — | 99 | Money Market | EBNK.TO vs HISU-U.TO |
See all 45 diversifiers for EBNK.TO
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Diversification Analysis
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