Looking to diversify beyond HBTE.NEO? The ETFs below have the lowest correlation with HBTE.NEO — 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 HBTE.NEO.
Best Diversifiers for HBTE.NEO
3 ETFs have low correlation with HBTE.NEO (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Enhanced Canadian Oil and Gas Equity Cove... | 0.00 | — | — | 77 | Energy Equities, Derivative Income | HBTE.NEO vs ENCL.TO | |
| Global X High Interest Savings ETF | 0.01 | — | — | 99 | Money Market | HBTE.NEO vs CASH.TO | |
| Harvest Equal Weight Global Utilities Enhanced Inc... | 0.06 | — | — | 56 | Derivative Income, Utilities Equities | HBTE.NEO vs HUTE.TO | |
| Hamilton Enhanced Canadian Financials ETF | 0.34 | — | — | 96 | Financials Equities | HBTE.NEO vs HFIN.TO | |
| Evolve Canadian Banks and Lifecos Enhanced Yield I... | 0.38 | — | — | 97 | Derivative Income | HBTE.NEO vs BANK.TO |
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