Looking to balance out your exposure to H.TO? The ETFs below have historically moved differently from H.TO, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for H.TO
13 ETFs have low correlation with H.TO (below 0.3), 9 of which are negatively correlated. The least correlated is Fidelity Global Innovators ETF (FINN.NEO) (Global Equities) with a 1Y correlation of -0.30, down from -0.05 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Global Innovators ETF | -0.30 | -0.05 | — | 81 | Global Equities | H.TO vs FINN.NEO | |
| Global X S&P 500 Index Corporate Class ETF | -0.24 | 0.02 | 0.06 | 67 | S&P 500 | H.TO vs HXS.TO | |
| iShares Core S&P 500 Index ETF | -0.23 | 0.03 | 0.07 | 69 | S&P 500 | H.TO vs XUS.TO | |
| iShares Core Equity ETF Portfolio | -0.19 | 0.11 | 0.12 | 85 | Global Equities | H.TO vs XEQT.TO | |
| Hamilton Enhanced Canadian Covered Call ETF | -0.13 | 0.20 | 0.18 | 95 | Derivative Income | H.TO vs HDIV.TO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for H.TO, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is First Quantum Minerals Ltd. (FM.TO) (Basic Materials) with a 1Y correlation of -0.18, down from -0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| First Quantum Minerals Ltd. | -0.18 | 0.02 | -0.03 | 79 | Basic Materials | |
| Teck Resources Limited | -0.17 | 0.01 | -0.00 | 87 | Basic Materials | |
| Capital Power Corporation | -0.16 | 0.12 | 0.24 | 62 | Utilities | |
| Brookfield Corporation | -0.16 | 0.17 | 0.16 | 81 | Financial Services | |
| Brookfield Infrastructure Partners L.P. | -0.12 | 0.22 | 0.25 | 92 | Utilities |
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