Looking to diversify beyond GOGY.TO? The ETFs below have the lowest correlation with GOGY.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 GOGY.TO.
Best Diversifiers for GOGY.TO
20 ETFs have low correlation with GOGY.TO (below 0.3), 7 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Evolve Canadian Utilities Enhanced Yield Index Fun... | -0.20 | — | — | 76 | Derivative Income | GOGY.TO vs UTES.TO | |
| BMO Covered Call Utilities ETF | -0.14 | -0.15 | -0.15 | 61 | Utilities Equities, Derivative Income | GOGY.TO vs ZWU.TO | |
| CI Energy Giants Covered Call ETF Common Units (CA... | -0.12 | — | — | 72 | Energy Equities, Derivative Income | GOGY.TO vs NXF.TO | |
| Global X Canadian Oil and Gas Equity Covered Call ... | -0.12 | — | — | 87 | Derivative Income, Energy Equities | GOGY.TO vs ENCC.TO | |
| Global X Enhanced Canadian Oil and Gas Equity Cove... | -0.11 | — | — | 86 | Oil & Gas, Derivative Income | GOGY.TO vs ENCL.TO |
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