Looking to diversify beyond HFR.TO? The ETFs below have the lowest correlation with HFR.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 HFR.TO.
Best Diversifiers for HFR.TO
17 ETFs have low correlation with HFR.TO (below 0.3), 3 of which are negatively correlated. The least correlated is Global X 0-3 Month T-Bill ETF (CBIL.TO) (Canadian Government Bonds) with a 1Y correlation of -0.08, down from 0.06 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X 0-3 Month T-Bill ETF | -0.08 | 0.06 | — | 99 | Canadian Government Bonds | HFR.TO vs CBIL.TO | |
| CI High Interest Savings ETF | -0.07 | 0.03 | 0.01 | 100 | Money Market | HFR.TO vs CSAV.TO | |
| Purpose USD Cash Management ETF | -0.00 | 0.01 | — | 99 | Ultrashort Bond, Money Market | HFR.TO vs MNU-U.TO | |
| Dynamic Active Investment Grade Floating Rate ETF | 0.01 | 0.08 | 0.12 | 83 | HFR.TO vs DXV.TO | ||
| Global X Cash Maximizer Corporate Class ETF | 0.01 | -0.06 | -0.02 | 66 | Bank Loan | HFR.TO vs HSAV.TO |
See all 18 diversifiers for HFR.TO
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