Looking to diversify beyond EMAX.TO? The ETFs below have the lowest correlation with EMAX.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 EMAX.TO.
Best Diversifiers for EMAX.TO
43 ETFs have low correlation with EMAX.TO (below 0.3), 28 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg... | -0.22 | — | — | 56 | Derivative Income, Short-Term Bond | EMAX.TO vs HBIL.TO | |
| Evolve Canadian Banks and Lifecos Enhanced Yield I... | -0.18 | — | — | 96 | Derivative Income | EMAX.TO vs BANK.TO | |
| Evolve NASDAQ Technology Enhanced Yield Index Fund | -0.15 | 0.03 | — | 77 | Nasdaq-100, Derivative Income | EMAX.TO vs QQQY.TO | |
| Broadcom (AVGO) Yield Shares Purpose ETF | -0.12 | — | — | 84 | Derivative Income, Semiconductors | EMAX.TO vs YAVG.NEO | |
| Harvest Broadcom Enhanced High Income Shares ETF -... | -0.12 | — | — | 65 | Derivative Income | EMAX.TO vs AVGY.TO |
See all 53 diversifiers for EMAX.TO
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Diversification Analysis
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