Looking to diversify beyond HBGD.TO? The ETFs below have the lowest correlation with HBGD.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 HBGD.TO.
Best Diversifiers for HBGD.TO
11 ETFs have low correlation with HBGD.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 -0.03, roughly unchanged from -0.03 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X High Interest Savings ETF | -0.03 | -0.03 | — | 100 | Money Market | HBGD.TO vs CASH.TO | |
| VanEck Morningstar Developed Markets Dividend Lead... | 0.10 | 0.19 | 0.17 | 87 | Global Equities, Dividend | HBGD.TO vs TDGB.L | |
| VanEck Morningstar Developed Markets Dividend Lead... | 0.14 | 0.18 | 0.16 | 85 | Global Equities, Dividend | HBGD.TO vs VDIV.DE | |
| Cambria Foreign Shareholder Yield ETF | 0.19 | 0.28 | 0.29 | 93 | Global Equities | HBGD.TO vs FYLD | |
| SPDR SSgA Income Allocation ETF | 0.20 | 0.20 | 0.15 | 65 | Global Equities | HBGD.TO vs INKM |
See all 55 diversifiers for HBGD.TO
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