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

ETF · Currency in CAD · Last updated Jun 4, 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

3 ETFs have low correlation with HAL.TO (below 0.3), 1 of which are negatively correlated. The least correlated is Global X 0-3 Month T-Bill ETF (CBIL.TO) (Canadian Government Bonds) with a 1Y correlation of -0.12, roughly unchanged from -0.03 over 3 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
CBIL.TO
Global X 0-3 Month T-Bill ETF-0.12-0.03—
99
Canadian Government BondsHAL.TO vs CBIL.TO
CASH.TO
Global X High Interest Savings ETF0.020.02—
100
Money MarketHAL.TO vs CASH.TO
HSAV.TO
Global X Cash Maximizer Corporate Class ETF0.100.060.03
66
Bank LoanHAL.TO vs HSAV.TO
CHPS.TO
Global X Artificial Intelligence Semiconductor Ind...0.350.36—
94
Semiconductors, Technology EquitiesHAL.TO vs CHPS.TO
QQCC.TO
Global X NASDAQ-100 Covered Call ETF0.350.310.36
82
Nasdaq-100, Derivative IncomeHAL.TO vs QQCC.TO
See all 32 diversifiers for HAL.TO

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Diversification Analysis

Build a portfolio that complements HAL.TO

Add HAL.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

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