Looking to balance out your exposure to H.TO? The ETFs below have the lowest correlation with H.TO — they tend to move on their own, which can help reduce risk when H.TO drops. The stock ideas table highlights individual companies that behave independently from H.TO.
Best Diversifiers for H.TO
8 ETFs have low correlation with H.TO (below 0.3), 6 of which are negatively correlated. The least correlated is TD Global Technology Leaders Index ETF (TEC.TO) (Technology Equities) with a 1Y correlation of -0.32, down from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| TD Global Technology Leaders Index ETF | -0.32 | -0.03 | 0.00 | 58 | Technology Equities | H.TO vs TEC.TO | |
| iShares Core S&P 500 Index ETF | -0.21 | 0.05 | 0.08 | 73 | S&P 500 | H.TO vs XUS.TO | |
| Global X S&P 500 Index Corporate Class ETF | -0.20 | 0.05 | 0.08 | 71 | S&P 500 | H.TO vs HXS.TO | |
| Hamilton Enhanced Canadian Covered Call ETF | -0.08 | 0.22 | — | 92 | Derivative Income | H.TO vs HDIV.TO | |
| iShares Global Infrastructure Index ETF | -0.08 | 0.20 | 0.24 | 70 | Energy Equities | H.TO vs CIF.TO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from H.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to H.TO and solid risk/return profiles. The least correlated is Brookfield Corporation (BN.TO) (Financial Services) with a 1Y correlation of -0.19, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Brookfield Corporation | -0.19 | 0.17 | 0.16 | 55 | Financial Services | |
| Brookfield Infrastructure Partners L.P | -0.18 | 0.24 | 0.25 | 76 | Utilities | |
| First Quantum Minerals Ltd. | -0.12 | 0.03 | -0.02 | 88 | Basic Materials | |
| Capital Power Corporation | -0.11 | 0.16 | 0.25 | 68 | Utilities | |
| Teck Resources Limited | -0.10 | 0.03 | -0.02 | 84 | Basic Materials |
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Build a portfolio that complements H.TO
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