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Global X Active Global Dividend ETF (HAZ.TO) Diversifiers

ETF · Currency in CAD · Last updated Jun 17, 2026

Global X Active Global Dividend ETF (formerly Horizons Active Global Dividend ETF) is an actively managed fund that seeks long-term total returns from regular dividend income and modest capital growth by investing primarily in equity and equity-related securities of dividend-paying companies located anywhere in the world. Sub-advised by Guardian Capital LP, it uses a proprietary stock-selection process focused on dividend growth, payout, and sustainability. It trades on the Toronto Stock Exchange and distributes income monthly.

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

Best Diversifiers for HAZ.TO

3 ETFs have low correlation with HAZ.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 -0.07, down from 0.06 over 3 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
CASH.TO
Global X High Interest Savings ETF-0.070.06—
99
Money MarketHAZ.TO vs CASH.TO
CBIL.TO
Global X 0-3 Month T-Bill ETF0.030.04—
99
Canadian Government BondsHAZ.TO vs CBIL.TO
HSAV.TO
Global X Cash Maximizer Corporate Class ETF0.150.080.02
66
Bank LoanHAZ.TO vs HSAV.TO
HBNK.TO
Global X Equal Weight Banks Index ETF0.44——
97
Financials Equities, Equal WeightHAZ.TO vs HBNK.TO
HXT.TO
Global X S&P/TSX 60 Index Corporate Class ETF0.510.570.57
88
Canada EquitiesHAZ.TO vs HXT.TO
See all 13 diversifiers for HAZ.TO

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Diversification Analysis

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