Looking to diversify beyond GLDD.TO? The ETFs below have the lowest correlation with GLDD.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 GLDD.TO.
Best Diversifiers for GLDD.TO
10 ETFs have low correlation with GLDD.TO (below 0.3), 9 of which are negatively correlated. The least correlated is Global X S&P/TSX 60 Index Corporate Class ETF (HXT.TO) (Canada Equities) with a 1Y correlation of -0.43, down from -0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X S&P/TSX 60 Index Corporate Class ETF | -0.43 | -0.31 | -0.26 | 92 | Canada Equities | GLDD.TO vs HXT.TO | |
| Global X Artificial Intelligence Semiconductor Ind... | -0.23 | -0.13 | -0.12 | 89 | Semiconductors, Technology Equities | GLDD.TO vs CHPS.TO | |
| Global X Equal Weight Banks Index ETF | -0.20 | -0.15 | — | 98 | Financials Equities, Equal Weight | GLDD.TO vs HBNK.TO | |
| Global X Enhanced NASDAQ-100 Covered Call ETF | -0.16 | — | — | 74 | Nasdaq-100, Derivative Income | GLDD.TO vs QQCL.TO | |
| Global X S&P 500 Index Corporate Class ETF | -0.16 | -0.03 | 0.02 | 76 | S&P 500 | GLDD.TO vs HXS.TO |
See all 10 diversifiers for GLDD.TO
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