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Global X Conservative Asset Allocation ETF (HCON.TO) Diversifiers

ETF · Currency in CAD · Last updated Jul 16, 2026

The Global X Conservative Asset Allocation ETF (HCON) seeks to provide a combination of income and moderate long-term capital growth by investing primarily in exchange-traded funds that provide exposure to a globally diversified portfolio of fixed income and equity securities. The fund targets an approximate allocation of 40% equities and 60% fixed income, designed for investors looking for income and moderate capital growth, with continuous monitoring and automatic rebalancing. The ETF was formerly known as the Horizons Conservative Asset Allocation ETF and was renamed to Global X Conservative Asset Allocation ETF effective August 25, 2023.

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

Best Diversifiers for HCON.TO

5 ETFs have low correlation with HCON.TO (below 0.3), 1 of which are negatively correlated. The least correlated is Global X 0-3 Month T-Bill ETF (CBIL.TO) (Canadian Government Bonds) with a 1Y correlation of -0.01, roughly unchanged from 0.02 over 3 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
CBIL.TO
Global X 0-3 Month T-Bill ETF-0.010.02—
99
Canadian Government BondsHCON.TO vs CBIL.TO
HSAV.TO
Global X Cash Maximizer Corporate Class ETF0.06-0.01-0.00
70
Money MarketHCON.TO vs HSAV.TO
CASH.TO
Global X High Interest Savings ETF0.080.06—
100
Money MarketHCON.TO vs CASH.TO
CGRA.TO
CI Global Real Asset Private Pool0.230.160.19
82
Global AllocationHCON.TO vs CGRA.TO
CHPS.TO
Global X Artificial Intelligence Semiconductor Ind...0.250.260.41
87
Semiconductors, Technology EquitiesHCON.TO vs CHPS.TO
See all 17 diversifiers for HCON.TO

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Diversification Analysis

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