PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

Harvest Diversified Monthly Income ETF - Class A Units (HDIF.TO) Diversifiers

ETF · Currency in CAD · Last updated Jun 28, 2026

Harvest Diversified Monthly Income ETF aims to provide a consistent monthly income stream with growth potential through a multi-sector portfolio of large global companies, utilizing an active covered call strategy on up to 33% of equity holdings to enhance monthly distribution yield.

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

Best Diversifiers for HDIF.TO

15 ETFs have low correlation with HDIF.TO (below 0.3), 5 of which are negatively correlated. The least correlated is Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC.TO) (Derivative Income) with a 1Y correlation of -0.08, down from 0.23 over 3 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
ENCC.TO
Global X Canadian Oil and Gas Equity Covered Call ...-0.080.23—
80
Derivative Income, Energy EquitiesHDIF.TO vs ENCC.TO
ENCL.TO
Global X Enhanced Canadian Oil and Gas Equity Cove...-0.06——
79
Energy Equities, Derivative IncomeHDIF.TO vs ENCL.TO
UTES.TO
Evolve Canadian Utilities Enhanced Yield Index Fun...-0.04——
89
Derivative IncomeHDIF.TO vs UTES.TO
HUTS.TO
Hamilton Enhanced Utilities ETF-0.020.38—
95
Utilities EquitiesHDIF.TO vs HUTS.TO
EMAX.TO
Hamilton Energy YIELD MAXIMIZER ETF-0.01——
55
Energy Equities, Derivative IncomeHDIF.TO vs EMAX.TO
See all 52 diversifiers for HDIF.TO

To view more results, upgrade your current subscription plan.

Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from HDIF.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HDIF.TO and solid risk/return profiles. The least correlated is Freehold Royalties Ltd. (FRU.TO) (Energy) with a 1Y correlation of 0.02, down from 0.18 over 3 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
FRU.TO
Freehold Royalties Ltd.0.020.18—
87
Energy

Rows per page

1–1 of 1

Diversification Analysis

Build a portfolio that complements HDIF.TO

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

Analyze a portfolio with HDIF.TO