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Global X Active Canadian Dividend ETF (HAL.TO) Diversifiers

ETF · Currency in CAD · Last updated Jul 1, 2026

An actively managed ETF seeking long-term total returns consisting of regular dividend income and modest long-term capital growth, investing primarily in equity securities of major North American companies with above-average dividend yields. Co-managed by Guardian Capital LP, benchmarked against the S&P/TSX Canadian Dividend Aristocrats Index.

Looking to diversify beyond HAL.TO? The ETFs below have the lowest correlation with HAL.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 HAL.TO.

Best Diversifiers for HAL.TO

4 ETFs have low correlation with HAL.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Global X High Interest Savings ETF (CASH.TO) (Money Market) with a 1Y correlation of 0.04, roughly unchanged from 0.04 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
CASH.TO
Global X High Interest Savings ETF0.040.030.04
99
Money MarketHAL.TO vs CASH.TO
CBIL.TO
Global X 0-3 Month T-Bill ETF0.060.060.05
99
Canadian Government BondsHAL.TO vs CBIL.TO
XEG.TO
iShares S&P/TSX Capped Energy Index ETF0.060.340.55
64
Energy Equities, Canada EquitiesHAL.TO vs XEG.TO
HSAV.TO
Global X Cash Maximizer Corporate Class ETF0.080.060.03
69
Money MarketHAL.TO vs HSAV.TO
CHPS.TO
Global X Artificial Intelligence Semiconductor Ind...0.310.350.44
94
Semiconductors, Technology EquitiesHAL.TO vs CHPS.TO
See all 50 diversifiers for HAL.TO

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Diversification Analysis

Build a portfolio that complements HAL.TO

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