Looking to diversify beyond GLDX.TO? The ETFs below have the lowest correlation with GLDX.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 GLDX.TO.
Best Diversifiers for GLDX.TO
10 ETFs have low correlation with GLDX.TO (below 0.3), 4 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Equal Weight Canadian Oil & Gas Index ETF | -0.04 | — | — | 89 | Commodity Producers Equities | GLDX.TO vs NRGY.TO | |
| Global X High Interest Savings ETF | -0.03 | -0.06 | -0.06 | 100 | Money Market | GLDX.TO vs CASH.TO | |
| Global X 0-3 Month T-Bill ETF | -0.02 | — | — | 99 | Canadian Government Bonds | GLDX.TO vs CBIL.TO | |
| Global X Cash Maximizer Corporate Class ETF | -0.01 | — | — | 66 | Bank Loan | GLDX.TO vs HSAV.TO | |
| Global X Enhanced S&P 500 Covered Call ETF | 0.17 | — | — | 75 | Derivative Income, S&P 500 | GLDX.TO vs USCL.TO |
See all 13 diversifiers for GLDX.TO
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