Looking to diversify beyond HISA.NEO? The ETFs below have the lowest correlation with HISA.NEO — 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 HISA.NEO.
Best Diversifiers for HISA.NEO
19 ETFs have low correlation with HISA.NEO (below 0.3), 6 of which are negatively correlated. The least correlated is Evolve European Banks Enhanced Yield ETF Hedged CAD (EBNK.TO) (Financials Equities) with a 1Y correlation of -0.12, roughly unchanged from -0.03 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Evolve European Banks Enhanced Yield ETF Hedged CA... | -0.12 | -0.03 | — | 67 | Financials Equities, Derivative Income | HISA.NEO vs EBNK.TO | |
| Global X USD Cash Maximizer Corporate Class ETF | -0.07 | -0.00 | 0.01 | 96 | Money Market | HISA.NEO vs HSUV-U.TO | |
| Purpose USD Cash Management ETF | -0.05 | 0.01 | — | 100 | Ultrashort Bond, Money Market | HISA.NEO vs MNU-U.TO | |
| Evolve Canadian Banks and Lifecos Enhanced Yield I... | -0.04 | -0.01 | — | 98 | Derivative Income | HISA.NEO vs BANK.TO | |
| Evolve Canadian Utilities Enhanced Yield Index Fun... | -0.01 | -0.00 | -0.00 | 77 | Derivative Income | HISA.NEO vs UTES.TO |
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