Looking to diversify beyond ETHI.TO? The ETFs below have the lowest correlation with ETHI.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 ETHI.TO.
Best Diversifiers for ETHI.TO
5 ETFs have low correlation with ETHI.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Global X 0-3 Month T-Bill ETF (CBIL.TO) (Canadian Government Bonds) with a 1Y correlation of 0.02, roughly unchanged from 0.01 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X 0-3 Month T-Bill ETF | 0.02 | 0.01 | — | 99 | Canadian Government Bonds | ETHI.TO vs CBIL.TO | |
| Global X High Interest Savings ETF | 0.04 | 0.02 | — | 100 | Money Market | ETHI.TO vs CASH.TO | |
| Global X Cash Maximizer Corporate Class ETF | 0.14 | 0.04 | 0.03 | 70 | Money Market | ETHI.TO vs HSAV.TO | |
| TD Active Global Infrastructure Equity ETF | 0.25 | 0.33 | 0.41 | 73 | Global Equities | ETHI.TO vs TINF.TO | |
| iShares MSCI Min Vol EAFE Index ETF (CAD-Hedged) | 0.26 | 0.27 | 0.34 | 60 | Global Equities | ETHI.TO vs XML.TO |
See all 26 diversifiers for ETHI.TO
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