Looking to diversify beyond GLDU.TO? The ETFs below have the lowest correlation with GLDU.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 GLDU.TO.
Best Diversifiers for GLDU.TO
9 ETFs have low correlation with GLDU.TO (below 0.3), 3 of which are negatively correlated. The least correlated is Global X Cash Maximizer Corporate Class ETF (HSAV.TO) (Bank Loan) with a 1Y correlation of -0.06, roughly unchanged from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Cash Maximizer Corporate Class ETF | -0.06 | -0.04 | -0.04 | 66 | Bank Loan | GLDU.TO vs HSAV.TO | |
| Global X High Interest Savings ETF | -0.02 | -0.02 | — | 100 | Money Market | GLDU.TO vs CASH.TO | |
| Global X 0-3 Month T-Bill ETF | -0.01 | 0.01 | 0.02 | 99 | Canadian Government Bonds | GLDU.TO vs CBIL.TO | |
| Global X Enhanced S&P 500 Covered Call ETF | 0.02 | — | — | 75 | Derivative Income, S&P 500 | GLDU.TO vs USCL.TO | |
| Global X Enhanced NASDAQ-100 Covered Call ETF | 0.05 | — | — | 81 | Nasdaq-100, Derivative Income | GLDU.TO vs QQCL.TO |
See all 10 diversifiers for GLDU.TO
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