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Hamilton Australian Bank Equal-Weight Index ETF (HBA.TO) Diversifiers

ETF · Currency in CAD · Last updated Jul 16, 2026

The Hamilton Australian Bank Equal-Weight Index ETF aims to replicate the performance of the Solactive Australian Bank Equal-Weight Index, providing equal-weight exposure to Australia's five major banks.

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

Best Diversifiers for HBA.TO

8 ETFs have low correlation with HBA.TO (below 0.3), 0 of which are negatively correlated.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
HBIL-U.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhed...0.05——
86
Government Bonds, Derivative IncomeHBA.TO vs HBIL-U.TO
HXF.TO
Global X S&P/TSX Capped Financials Index Corporate...0.120.200.29
97
Financials EquitiesHBA.TO vs HXF.TO
HUTS.TO
Hamilton Enhanced Utilities ETF0.140.21—
90
Utilities EquitiesHBA.TO vs HUTS.TO
MIX.TO
Hamilton Enhanced Mixed Asset ETF0.22——
54
Diversified PortfolioHBA.TO vs MIX.TO
HYLD-U.TO
Hamilton Enhanced U.S. Covered Call ETF (USD)0.230.27—
78
Derivative IncomeHBA.TO vs HYLD-U.TO
See all 26 diversifiers for HBA.TO

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Diversification Analysis

Build a portfolio that complements HBA.TO

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

Analyze a portfolio with HBA.TO