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Harvest Clean Energy ETF (HCLN.TO) Diversifiers

ETF · Currency in CAD · Last updated Jun 25, 2026

The Harvest Clean Energy ETF (HCLN) invests in a portfolio of the 40 largest clean energy issuers globally, selected from the Clean Energy Investable Universe through a systematic process based on market capitalization. The portfolio is equally weighted and is reconstituted and rebalanced semi-annually, offering unitholders the opportunity for capital appreciation through exposure to the growing clean energy theme. The fund is benchmarked against a composite of 50% S&P Global Clean Energy Net TR Index and 50% MSCI World Utilities Gross TR Local Index.

Looking to diversify beyond HCLN.TO? The ETFs below have the lowest correlation with HCLN.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 HCLN.TO.

Best Diversifiers for HCLN.TO

1 ETFs have low correlation with HCLN.TO (below 0.3), 0 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 0.17, roughly unchanged from 0.25 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
HUTE.TO
Harvest Equal Weight Global Utilities Enhanced Inc...0.170.250.25
56
Derivative Income, Utilities EquitiesHCLN.TO vs HUTE.TO
HDIF.TO
Harvest Diversified Monthly Income ETF - Class A U...0.490.47—
67
Derivative IncomeHCLN.TO vs HDIF.TO
ZCLN.TO
BMO Clean Energy Index ETF0.720.740.77
71
Alternative Energy EquitiesHCLN.TO vs ZCLN.TO

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Diversification Analysis

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