Looking to diversify beyond HAF.TO? The ETFs below have the lowest correlation with HAF.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 HAF.TO.
Best Diversifiers for HAF.TO
12 ETFs have low correlation with HAF.TO (below 0.3), 1 of which are negatively correlated. The least correlated is Global X Cash Maximizer Corporate Class ETF (HSAV.TO) (Bank Loan) with a 1Y correlation of -0.13, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Cash Maximizer Corporate Class ETF | -0.13 | -0.01 | 0.01 | 69 | Bank Loan | HAF.TO vs HSAV.TO | |
| Global X High Interest Savings ETF | 0.08 | 0.07 | — | 100 | Money Market | HAF.TO vs CASH.TO | |
| Global X 0-3 Month T-Bill ETF | 0.11 | 0.09 | 0.07 | 99 | Canadian Government Bonds | HAF.TO vs CBIL.TO | |
| Global X Enhanced NASDAQ-100 Covered Call ETF | 0.14 | — | — | 82 | Nasdaq-100, Derivative Income | HAF.TO vs QQCL.TO | |
| Global X Enhanced S&P 500 Covered Call ETF | 0.14 | 0.08 | 0.08 | 80 | Derivative Income, S&P 500 | HAF.TO vs USCL.TO |
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