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
19 ETFs have low correlation with HFR.TO (below 0.3), 3 of which are negatively correlated. The least correlated is Purpose USD Cash Management ETF (MNU-U.TO) (Ultrashort Bond) with a 1Y correlation of -0.08, roughly unchanged from 0.00 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Purpose USD Cash Management ETF | -0.08 | 0.00 | — | 100 | Ultrashort Bond, Money Market | HFR.TO vs MNU-U.TO | |
| BMO Money Market Fund ETF Series | -0.04 | 0.01 | — | 99 | Money Market | HFR.TO vs ZMMK.TO | |
| Global X 0-3 Month T-Bill ETF | -0.04 | 0.09 | — | 99 | Canadian Government Bonds | HFR.TO vs CBIL.TO | |
| CI High Interest Savings ETF | 0.03 | 0.04 | 0.01 | 99 | Money Market | HFR.TO vs CSAV.TO | |
| Global X 0-3 Month U.S. T-Bill ETF USD | 0.03 | -0.03 | -0.00 | 100 | Ultrashort Bond | HFR.TO vs UBIL-U.TO |
See all 19 diversifiers for HFR.TO
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