Looking to diversify beyond ETHH.TO? The ETFs below have the lowest correlation with ETHH.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 ETHH.TO.
Best Diversifiers for ETHH.TO
3 ETFs have low correlation with ETHH.TO (below 0.3), 1 of which are negatively correlated. The least correlated is Purpose Cash Management Fund (MNY.TO) (Money Market) with a 1Y correlation of -0.02, roughly unchanged from 0.04 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Purpose Cash Management Fund | -0.02 | 0.04 | — | 100 | Money Market | ETHH.TO vs MNY.TO | |
| Purpose High Interest Savings Fund | 0.04 | 0.05 | 0.03 | 100 | Money Market | ETHH.TO vs PSA.TO | |
| Purpose Multi-Strategy Market Neutral Fund | 0.23 | 0.13 | 0.12 | 64 | Long-Short | ETHH.TO vs PMM.TO | |
| NVIDIA (NVDA) Yield Shares Purpose ETF | 0.33 | 0.30 | 0.30 | 62 | Derivative Income | ETHH.TO vs YNVD.NEO | |
| Purpose Enhanced Dividend Fund ETF | 0.34 | 0.27 | 0.21 | 82 | Dividend | ETHH.TO vs PDIV.TO |
Diversification Analysis
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