Looking to diversify beyond ECHI.TO? The ETFs below have the lowest correlation with ECHI.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 ECHI.TO.
Best Diversifiers for ECHI.TO
2 ETFs have low correlation with ECHI.TO (below 0.3), 0 of which are negatively correlated. The least correlated is iShares S&P/TSX Capped Energy Index ETF (XEG.TO) (Energy Equities) with a 1Y correlation of 0.19, roughly unchanged from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P/TSX Capped Energy Index ETF | 0.19 | 0.19 | 0.19 | 82 | Energy Equities, Canada Equities | ECHI.TO vs XEG.TO | |
| CI U.S. & Canada Lifeco Covered Call ETF (Hedged C... | 0.25 | 0.25 | 0.25 | 53 | Derivative Income | ECHI.TO vs FLI.TO | |
| BMO US High Dividend Covered Call ETF | 0.41 | 0.41 | 0.41 | 86 | Derivative Income | ECHI.TO vs ZWH.TO | |
| Global X NASDAQ-100 Covered Call ETF | 0.46 | 0.46 | 0.46 | 84 | Nasdaq-100, Derivative Income | ECHI.TO vs QQCC.TO | |
| Mulvihill Canadian Bank Enhanced Yield ETF | 0.50 | 0.50 | 0.50 | 98 | Derivative Income, Financials Equities | ECHI.TO vs CBNK.TO |
See all 12 diversifiers for ECHI.TO
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Diversification Analysis
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