Looking to diversify beyond HEB.TO? The ETFs below have the lowest correlation with HEB.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 HEB.TO.
Best Diversifiers for HEB.TO
1 ETFs have low correlation with HEB.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Hamilton Enhanced Utilities ETF (HUTS.TO) (Utilities Equities) with a 1Y correlation of 0.02, down from 0.34 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hamilton Enhanced Utilities ETF | 0.02 | 0.34 | — | 92 | Utilities Equities | HEB.TO vs HUTS.TO | |
| iShares S&P/TSX Composite High Dividend Index ETF | 0.40 | 0.58 | — | 98 | Canada Equities | HEB.TO vs XEI.TO | |
| Global X S&P/TSX Capped Financials Index Corporate... | 0.42 | 0.45 | — | 91 | Financials Equities | HEB.TO vs HXF.TO | |
| Hamilton Enhanced Mixed Asset ETF | 0.50 | — | — | 63 | Diversified Portfolio | HEB.TO vs MIX.TO | |
| HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF ... | 0.52 | 0.55 | 0.55 | 83 | Dividend | HEB.TO vs CWIN.TO |
See all 26 diversifiers for HEB.TO
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