Looking to diversify beyond HEQL.TO? The ETFs below have the lowest correlation with HEQL.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 HEQL.TO.
Best Diversifiers for HEQL.TO
3 ETFs have low correlation with HEQL.TO (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X High Interest Savings ETF | 0.01 | — | — | 100 | Money Market | HEQL.TO vs CASH.TO | |
| Global X 0-3 Month T-Bill ETF | 0.02 | — | — | 99 | Canadian Government Bonds | HEQL.TO vs CBIL.TO | |
| Global X Cash Maximizer Corporate Class ETF | 0.12 | — | — | 67 | Bank Loan | HEQL.TO vs HSAV.TO | |
| iShares S&P/TSX Composite High Dividend Index ETF | 0.31 | — | — | 98 | Canada Equities | HEQL.TO vs XEI.TO | |
| Global X Enhanced S&P 500 Index ETF | 0.34 | — | — | 80 | Leveraged Equities, S&P 500 | HEQL.TO vs USSL.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 HEQL.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HEQL.TO and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Power Corporation of Canada | 0.26 | — | — | 94 | Financial Services |
Build a portfolio that complements HEQL.TO
Add HEQL.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with HEQL.TO