Looking to diversify beyond HGR.TO? The ETFs below have the lowest correlation with HGR.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 HGR.TO.
Best Diversifiers for HGR.TO
2 ETFs have low correlation with HGR.TO (below 0.3), 0 of which are negatively correlated. The least correlated is CI Global REIT Private Pool (CGRE.TO) (REIT) with a 1Y correlation of 0.21, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| CI Global REIT Private Pool | 0.21 | 0.37 | 0.37 | 50 | REIT | HGR.TO vs CGRE.TO | |
| iShares Canadian HYBrid Corporate Bond Index ETF | 0.22 | 0.30 | 0.20 | 62 | Corporate Bonds | HGR.TO vs XHB.TO | |
| Harvest Equal Weight Global Utilities Enhanced Inc... | 0.32 | 0.41 | 0.41 | 62 | Derivative Income, Utilities Equities | HGR.TO vs HUTE.TO | |
| Global X Equal Weight Canadian REITs Index ETF | 0.33 | — | — | 51 | REIT, Equal Weight | HGR.TO vs REIT.TO | |
| Harvest Diversified Monthly Income ETF - Class A U... | 0.34 | 0.46 | 0.48 | 73 | Derivative Income | HGR.TO vs HDIF.TO |
See all 7 diversifiers for HGR.TO
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Diversification Analysis
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