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Harvest Healthcare Leaders Income ETF (HHL.TO) Diversifiers

ETF · Currency in CAD · Last updated Jun 4, 2026

The Harvest Healthcare Leaders Income ETF is an equally weighted portfolio of 20 large-cap global healthcare companies, selected for their potential to provide attractive monthly income and long-term growth. An active covered call strategy is employed to enhance monthly distributions.

Looking to diversify beyond HHL.TO? The ETFs below have the lowest correlation with HHL.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 HHL.TO.

Best Diversifiers for HHL.TO

12 ETFs have low correlation with HHL.TO (below 0.3), 1 of which are negatively correlated. The least correlated is Global X High Interest Savings ETF (CASH.TO) (Money Market) with a 1Y correlation of -0.10, down from 0.01 over 3 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
CASH.TO
Global X High Interest Savings ETF-0.100.01—
100
Money MarketHHL.TO vs CASH.TO
NVHE.TO
Harvest NVIDIA Enhanced High Income Shares ETF0.05——
53
Derivative IncomeHHL.TO vs NVHE.TO
AVGY.TO
Harvest Broadcom Enhanced High Income Shares ETF -...0.05——
65
Derivative IncomeHHL.TO vs AVGY.TO
TBIL.TO
Harvest Canadian T-Bill ETF0.10——
99
Money MarketHHL.TO vs TBIL.TO
ZUT.TO
BMO Equal Weight Utilities Index ETF0.130.290.34
65
Utilities EquitiesHHL.TO vs ZUT.TO
See all 22 diversifiers for HHL.TO

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from HHL.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HHL.TO and solid risk/return profiles. The least correlated is Granite Real Estate Investment Trust (GRT-UN.TO) (Real Estate) with a 1Y correlation of 0.31, roughly unchanged from 0.34 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
GRT-UN.TO
Granite Real Estate Investment Trust0.310.300.34
85
Real Estate

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Diversification Analysis

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