Looking to diversify beyond HBIL-U.TO? The ETFs below have the lowest correlation with HBIL-U.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 HBIL-U.TO.
Best Diversifiers for HBIL-U.TO
8 ETFs have low correlation with HBIL-U.TO (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hamilton Utilities YIELD MAXIMIZER ETF | 0.06 | — | — | 73 | Derivative Income, Utilities Equities | HBIL-U.TO vs UMAX.TO | |
| Hamilton Enhanced Utilities ETF | 0.07 | — | — | 90 | Utilities Equities | HBIL-U.TO vs HUTS.TO | |
| Hamilton Canadian Bank Mean Reversion Index ETF | 0.15 | — | — | 98 | Canada Equities | HBIL-U.TO vs HCA.TO | |
| Hamilton Enhanced U.S. Covered Call ETF (USD) | 0.16 | — | — | 78 | Derivative Income | HBIL-U.TO vs HYLD-U.TO | |
| HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF ... | 0.18 | — | — | 95 | Dividend | HBIL-U.TO vs CWIN.TO |
See all 8 diversifiers for HBIL-U.TO
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Diversification Analysis
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