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
5 ETFs have low correlation with HBA.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Global X S&P/TSX Capped Financials Index Corporate Class ETF (HXF.TO) (Financials Equities) with a 1Y correlation of 0.12, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X S&P/TSX Capped Financials Index Corporate... | 0.12 | 0.23 | 0.31 | 93 | Financials Equities | HBA.TO vs HXF.TO | |
| Hamilton Enhanced Utilities ETF | 0.14 | 0.21 | — | 93 | Utilities Equities | HBA.TO vs HUTS.TO | |
| HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF ... | 0.28 | 0.30 | 0.30 | 83 | Dividend | HBA.TO vs CWIN.TO | |
| Global X Enhanced Equal Weight Banks Index ETF | 0.29 | 0.28 | 0.28 | 97 | Financials Equities | HBA.TO vs BNKL.TO | |
| Hamilton Enhanced Mixed Asset ETF | 0.29 | — | — | 64 | Diversified Portfolio | HBA.TO vs MIX.TO |
See all 22 diversifiers for HBA.TO
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