Looking to diversify beyond HCRE.TO? The ETFs below have the lowest correlation with HCRE.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 HCRE.TO.
Best Diversifiers for HCRE.TO
15 ETFs have low correlation with HCRE.TO (below 0.3), 1 of which are negatively correlated. The least correlated is CI Auspice Broad Commodity Fund ETF Hedged Units (CCOM.TO) (Commodities) with a 1Y correlation of -0.07, down from 0.07 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| CI Auspice Broad Commodity Fund ETF Hedged Units | -0.07 | 0.07 | — | 70 | Commodities | HCRE.TO vs CCOM.TO | |
| Brompton Canadian Cash Flow Kings ETF | 0.04 | — | — | 97 | Large Cap Blend Equities | HCRE.TO vs KNGC.TO | |
| Global X 0-3 Month T-Bill ETF | 0.05 | -0.02 | -0.03 | 99 | Canadian Government Bonds | HCRE.TO vs CBIL.TO | |
| CI Global Climate Leaders Fund | 0.06 | 0.09 | — | 88 | HCRE.TO vs CLML.TO | ||
| Global X Artificial Intelligence Semiconductor Ind... | 0.07 | 0.12 | — | 94 | Semiconductors, Technology Equities | HCRE.TO vs CHPS.TO |
See all 15 diversifiers for HCRE.TO
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