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
8 ETFs have low correlation with GLDD.TO (below 0.3), 7 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Equal Weight Banks Index ETF | -0.20 | — | — | 98 | Financials Equities, Equal Weight | GLDD.TO vs HBNK.TO | |
| Global X Artificial Intelligence Semiconductor Ind... | -0.19 | -0.13 | -0.11 | 94 | Semiconductors, Technology Equities | GLDD.TO vs CHPS.TO | |
| Global X Enhanced NASDAQ-100 Covered Call ETF | -0.14 | — | — | 85 | Nasdaq-100, Derivative Income | GLDD.TO vs QQCL.TO | |
| Global X Enhanced S&P 500 Covered Call ETF | -0.13 | — | — | 84 | Derivative Income, S&P 500 | GLDD.TO vs USCL.TO | |
| Global X NASDAQ-100 Covered Call ETF | -0.12 | 0.00 | -0.01 | 84 | Nasdaq-100, Derivative Income | GLDD.TO vs QQCC.TO |
See all 8 diversifiers for GLDD.TO
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Diversification Analysis
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