Looking to diversify beyond ETHR.TO? The ETFs below have historically moved differently from ETHR.TO, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for ETHR.TO
3 ETFs have low correlation with ETHR.TO (below 0.3), 1 of which are negatively correlated. The least correlated is Evolve Canadian Utilities Enhanced Yield Index Fund (UTES.TO) (Utilities Equities) with a 1Y correlation of -0.15, roughly unchanged from -0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Evolve Canadian Utilities Enhanced Yield Index Fun... | -0.15 | -0.06 | -0.06 | 64 | Utilities Equities, Derivative Income, Leveraged Equities | ETHR.TO vs UTES.TO | |
| Evolve Canadian Energy Enhanced Yield Index Fund E... | 0.01 | 0.01 | 0.01 | 82 | Energy Equities | ETHR.TO vs OILY.TO | |
| Evolve Canadian Banks and Lifecos Enhanced Yield I... | 0.30 | 0.25 | 0.25 | 98 | Derivative Income | ETHR.TO vs BANK.TO | |
| Evolve European Banks Enhanced Yield ETF Hedged CA... | 0.38 | 0.22 | 0.21 | 69 | Financials Equities, Derivative Income | ETHR.TO vs EBNK.TO | |
| Evolve NASDAQ Technology Index Fund CAD Hedged | 0.51 | 0.36 | 0.36 | 54 | Nasdaq-100, Technology Equities | ETHR.TO vs QQQT.TO |
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