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Horizons Gold Producer Equity Covered Call ETF (HEP.TO) Diversifiers

ETF · Currency in CAD · Last updated Jun 4, 2026

The Horizons Gold Producer Equity Covered Call ETF seeks to provide exposure to North American-listed gold producer equities while employing a dynamic covered call option writing program to generate monthly income from dividend and call option premiums.

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

Best Diversifiers for HEP.TO

2 ETFs have low correlation with HEP.TO (below 0.3), 1 of which are negatively correlated.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
NRGY.TO
Global X Equal Weight Canadian Oil & Gas Index ETF-0.03——
89
Commodity Producers EquitiesHEP.TO vs NRGY.TO
HXQ.TO
Horizons NASDAQ-100 Index ETF0.230.130.09
75
Nasdaq-100HEP.TO vs HXQ.TO
HLIT.TO
Global X Lithium Producers Index ETF0.370.29—
87
Commodity Producers EquitiesHEP.TO vs HLIT.TO
HEQT.TO
Horizons All-Equity Asset Allocation ETF0.390.290.26
80
Global EquitiesHEP.TO vs HEQT.TO
COPP.TO
Global X Copper Producers Index ETF0.590.46—
71
Commodity Producers EquitiesHEP.TO vs COPP.TO

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Diversification Analysis

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