Looking to diversify beyond HHIC.TO? The ETFs below have the lowest correlation with HHIC.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 HHIC.TO.
Best Diversifiers for HHIC.TO
0 ETFs have low correlation with HHIC.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Global X Canadian High Dividend Index Corporate Class ETF (HXH.TO) (Canada Equities) with a 1Y correlation of 0.36, roughly unchanged from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Canadian High Dividend Index Corporate Cl... | 0.36 | 0.36 | 0.36 | 98 | Canada Equities | HHIC.TO vs HXH.TO | |
| Global X Enhanced NASDAQ-100 Covered Call ETF | 0.46 | 0.46 | — | 84 | Nasdaq-100, Derivative Income | HHIC.TO vs QQCL.TO | |
| Harvest Tech Achievers Growth & Income ETF | 0.48 | 0.48 | 0.48 | 55 | Technology Equities | HHIC.TO vs HTA.TO | |
| Evolve Canadian Banks and Lifecos Enhanced Yield I... | 0.52 | 0.52 | 0.52 | 97 | Derivative Income | HHIC.TO vs BANK.TO | |
| Global X Enhanced Equal Weight Canadian Banks Cove... | 0.56 | 0.56 | 0.56 | 97 | Financials Equities, Derivative Income | HHIC.TO vs BKCL.TO |
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Diversification Analysis
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