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Accelerate Absolute Return Fund (HDGE.TO) Diversifiers

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

Accelerate Absolute Return Fund uses a systematic multi-factor process to hold Canadian and U.S.-listed equities expected to outperform while shorting those expected to underperform, seeking long-term appreciation and superior risk-adjusted returns versus the Canadian equity market.

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

Best Diversifiers for HDGE.TO

3 ETFs have low correlation with HDGE.TO (below 0.3), 0 of which are negatively correlated. The least correlated is iShares S&P/TSX 60 Index ETF (XIU.TO) (Canada Equities) with a 1Y correlation of 0.07, roughly unchanged from 0.10 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
XIU.TO
iShares S&P/TSX 60 Index ETF0.070.080.10
93
Canada EquitiesHDGE.TO vs XIU.TO
PFLS.TO
PICTON Long Short Equity Alternative Fund0.120.110.12
75
Long-Short, Canada Equities, Global Equities, Actively ManagedHDGE.TO vs PFLS.TO
ATSX.TO
Accelerate Canadian Long Short Equity Fund0.220.210.24
94
Long-Short, Canada Equities, Multi-factor, Actively ManagedHDGE.TO vs ATSX.TO

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Diversification Analysis

Build a portfolio that complements HDGE.TO

Add HDGE.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with HDGE.TO