Looking to diversify beyond ENCL.TO? The ETFs below have the lowest correlation with ENCL.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 ENCL.TO.
Best Diversifiers for ENCL.TO
51 ETFs have low correlation with ENCL.TO (below 0.3), 38 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... | -0.24 | — | — | 54 | Derivative Income, Short-Term Bond | ENCL.TO vs HBIL.TO | |
| Global X NASDAQ-100 Covered Call ETF | -0.19 | — | — | 77 | Nasdaq-100, Derivative Income | ENCL.TO vs QQCC.TO | |
| Global X Enhanced NASDAQ-100 Covered Call ETF | -0.17 | — | — | 76 | Nasdaq-100, Derivative Income | ENCL.TO vs QQCL.TO | |
| Evolve Canadian Banks and Lifecos Enhanced Yield I... | -0.17 | — | — | 97 | Derivative Income | ENCL.TO vs BANK.TO | |
| Evolve NASDAQ Technology Index Fund CAD Hedged | -0.16 | 0.04 | 0.04 | 69 | Nasdaq-100, Technology Equities | ENCL.TO vs QQQT.TO |
See all 60 diversifiers for ENCL.TO
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