Looking to diversify beyond HGGG.TO? The ETFs below have the lowest correlation with HGGG.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 HGGG.TO.
Best Diversifiers for HGGG.TO
4 ETFs have low correlation with HGGG.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Harvest NVIDIA Enhanced High Income Shares ETF (NVHE.TO) (Derivative Income) with a 1Y correlation of 0.12, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Harvest NVIDIA Enhanced High Income Shares ETF | 0.12 | 0.03 | 0.03 | 53 | Derivative Income | HGGG.TO vs NVHE.TO | |
| Harvest Equal Weight Global Utilities Enhanced Inc... | 0.16 | 0.22 | 0.21 | 58 | Derivative Income, Utilities Equities | HGGG.TO vs HUTE.TO | |
| Harvest Tech Achievers Enhanced Income ETF - Class... | 0.24 | 0.08 | — | 66 | Technology Equities | HGGG.TO vs HTAE.TO | |
| Harvest Diversified Monthly Income ETF - Class A U... | 0.28 | 0.18 | 0.19 | 68 | Derivative Income | HGGG.TO vs HDIF.TO |
Diversification Analysis
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