Looking to balance out your exposure to GDV.TO? The ETFs below have the lowest correlation with GDV.TO — they tend to move on their own, which can help reduce risk when GDV.TO drops. The stock ideas table highlights individual companies that behave independently from GDV.TO.
Best Diversifiers for GDV.TO
5 ETFs have low correlation with GDV.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Global X Canadian High Dividend Index Corporate Class ETF (HXH.TO) (Canada Equities) with a 1Y correlation of 0.12, down from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Canadian High Dividend Index Corporate Cl... | 0.12 | 0.29 | 0.33 | 98 | Canada Equities | GDV.TO vs HXH.TO | |
| Brompton Split Corp. Preferred Share ETF | 0.18 | — | — | 56 | Preferred Stock/Convertible Bonds | GDV.TO vs SPLT.TO | |
| Hamilton Utilities YIELD MAXIMIZER ETF | 0.22 | — | — | 64 | Derivative Income, Utilities Equities | GDV.TO vs UMAX.TO | |
| HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF ... | 0.26 | — | — | 83 | Dividend | GDV.TO vs CWIN.TO | |
| BMO MSCI Emerging Markets Index ETF | 0.26 | 0.29 | 0.29 | 83 | Emerging Markets Equities | GDV.TO vs ZEM.TO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GDV.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GDV.TO and solid risk/return profiles. The least correlated is Dividend 15 Split Corp. (DFN.TO) (Financial Services) with a 1Y correlation of 0.47, roughly unchanged from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Dividend 15 Split Corp. | 0.47 | 0.49 | 0.46 | 96 | Financial Services |
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