Looking to diversify beyond HBLK.TO? The ETFs below have the lowest correlation with HBLK.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 HBLK.TO.
Best Diversifiers for HBLK.TO
1 ETFs have low correlation with HBLK.TO (below 0.3), 1 of which are negatively correlated. The least correlated is Harvest Equal Weight Global Utilities Enhanced Income ETF (HUTE.TO) (Derivative Income) with a 1Y correlation of -0.04, down from 0.07 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Harvest Equal Weight Global Utilities Enhanced Inc... | -0.04 | 0.07 | — | 57 | Derivative Income, Utilities Equities | HBLK.TO vs HUTE.TO | |
| Harvest Diversified Monthly Income ETF - Class A U... | 0.52 | 0.53 | — | 74 | Derivative Income | HBLK.TO vs HDIF.TO |
Diversification Analysis
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