Looking to diversify beyond HAD.TO? The ETFs below have the lowest correlation with HAD.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 HAD.TO.
Best Diversifiers for HAD.TO
10 ETFs have low correlation with HAD.TO (below 0.3), 1 of which are negatively correlated. The least correlated is Global X High Interest Savings ETF (CASH.TO) (Money Market) with a 1Y correlation of -0.03, roughly unchanged from -0.02 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X High Interest Savings ETF | -0.03 | -0.02 | — | 100 | Money Market | HAD.TO vs CASH.TO | |
| Global X Cash Maximizer Corporate Class ETF | 0.04 | -0.01 | 0.00 | 70 | Money Market | HAD.TO vs HSAV.TO | |
| Global X 0-3 Month T-Bill ETF | 0.05 | 0.06 | — | 99 | Canadian Government Bonds | HAD.TO vs CBIL.TO | |
| Global X Enhanced NASDAQ-100 Covered Call ETF | 0.12 | — | — | 74 | Nasdaq-100, Derivative Income | HAD.TO vs QQCL.TO | |
| Global X Artificial Intelligence Semiconductor Ind... | 0.16 | 0.10 | 0.08 | 87 | Semiconductors, Technology Equities | HAD.TO vs CHPS.TO |
See all 11 diversifiers for HAD.TO
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