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Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged (ETSX.TO) Diversifiers

ETF · Currency in CAD · Last updated Jun 4, 2026

The Evolve S&P/TSX 60 Enhanced Yield Fund is an exchange-traded fund that seeks to provide exposure to the S&P/TSX 60 Index by employing an index-based strategy with an active covered call strategy, aiming to enhance yield while managing risk.

Looking to diversify beyond ETSX.TO? The ETFs below have the lowest correlation with ETSX.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 ETSX.TO.

Best Diversifiers for ETSX.TO

4 ETFs have low correlation with ETSX.TO (below 0.3), 0 of which are negatively correlated.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
UTES.TO
Evolve Canadian Utilities Enhanced Yield Index Fun...0.00——
75
Derivative IncomeETSX.TO vs UTES.TO
OILY.TO
Evolve Canadian Energy Enhanced Yield Index Fund E...0.02——
77
Energy EquitiesETSX.TO vs OILY.TO
HISA.NEO
Evolve High Interest Savings Account ETF0.100.04—
86
Money MarketETSX.TO vs HISA.NEO
KNGC.TO
Brompton Canadian Cash Flow Kings ETF0.23——
97
Large Cap Blend EquitiesETSX.TO vs KNGC.TO
XUU-U.TO
iShares Core S&P U.S. Total Market Index ETF0.450.330.28
72
Large Cap Blend EquitiesETSX.TO vs XUU-U.TO
See all 33 diversifiers for ETSX.TO

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Diversification Analysis

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