Looking to diversify beyond HHLE.TO? The ETFs below have the lowest correlation with HHLE.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 HHLE.TO.
Best Diversifiers for HHLE.TO
3 ETFs have low correlation with HHLE.TO (below 0.3), 0 of which are negatively correlated. The least correlated is First Trust AlphaDEX U.S. Health Care Sector Index ETF (FHH.TO) (Health & Biotech Equities) with a 1Y correlation of 0.01, roughly unchanged from 0.06 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust AlphaDEX U.S. Health Care Sector Index... | 0.01 | 0.06 | — | 61 | Health & Biotech Equities | HHLE.TO vs FHH.TO | |
| Harvest Equal Weight Global Utilities Enhanced Inc... | 0.23 | 0.31 | — | 51 | Derivative Income, Utilities Equities | HHLE.TO vs HUTE.TO | |
| iShares Genomics Immunology and Healthcare Index E... | 0.24 | 0.20 | — | 90 | Health & Biotech Equities | HHLE.TO vs XDNA.TO | |
| Harvest Diversified Monthly Income ETF - Class A U... | 0.48 | 0.57 | — | 74 | Derivative Income | HHLE.TO vs HDIF.TO |
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