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

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

Harvest Diversified Monthly Income ETF - Class A Units (HDIF.TO) is an actively managed Canadian ETF-of-ETFs that provides diversified global large-cap income exposure using covered-call strategies and approximately 1.25x modest leverage to enhance monthly cash distributions.

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

23 ETFs have low correlation with HDIF.TO (below 0.3), 8 of which are negatively correlated. The least correlated is CI Energy Giants Covered Call ETF Common Units (CAD Hedged) (NXF.TO) (Energy Equities) with a 1Y correlation of -0.12, down from 0.29 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
NXF.TO
CI Energy Giants Covered Call ETF Common Units (CA...-0.120.170.29
68
Energy Equities, Derivative Income, Options Trading, Actively ManagedHDIF.TO vs NXF.TO
ENCC.TO
Global X Canadian Oil and Gas Equity Covered Call ...-0.110.200.29
94
Derivative Income, Energy EquitiesHDIF.TO vs ENCC.TO
ENCL.TO
Global X Enhanced Canadian Oil and Gas Equity Cove...-0.10——
94
Energy Equities, Derivative IncomeHDIF.TO vs ENCL.TO
UTES.TO
Evolve Canadian Utilities Enhanced Yield Index Fun...-0.09——
84
Derivative IncomeHDIF.TO vs UTES.TO
HPF.TO
Harvest Energy Leaders Income ETF Class A CAD Hedg...-0.080.20—
88
Energy Equities, Derivative IncomeHDIF.TO vs HPF.TO
See all 67 diversifiers for HDIF.TO

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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 0.00, down from 0.16 over 3 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
FRU.TO
Freehold Royalties Ltd.0.000.16—
88
Energy

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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