Looking to diversify beyond HISU-U.TO? The ETFs below have the lowest correlation with HISU-U.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 HISU-U.TO.
Best Diversifiers for HISU-U.TO
20 ETFs have low correlation with HISU-U.TO (below 0.3), 9 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Evolve NASDAQ Technology Index Fund CAD Hedged | -0.23 | — | — | 82 | Nasdaq-100, Technology Equities | HISU-U.TO vs QQQT.TO | |
| Vanguard FTSE Canadian High Dividend Yield Index E... | -0.12 | -0.26 | — | 98 | Dividend | HISU-U.TO vs VDY.TO | |
| Evolve High Interest Savings Account ETF | -0.12 | -0.02 | — | 86 | Money Market | HISU-U.TO vs HISA.NEO | |
| Global X High Interest Savings ETF | -0.09 | 0.01 | — | 100 | Money Market | HISU-U.TO vs CASH.TO | |
| Purpose High Interest Savings Fund | -0.09 | -0.01 | — | 100 | Money Market | HISU-U.TO vs PSA.TO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HISU-U.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HISU-U.TO and solid risk/return profiles. The least correlated is Cameco Corporation (CCO.TO) (Energy) with a 1Y correlation of -0.14, roughly unchanged from -0.14 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cameco Corporation | -0.14 | -0.14 | — | 84 | Energy | |
| Canadian National Railway Company | -0.11 | -0.15 | — | 63 | Industrials | |
| 5N Plus Inc. | -0.10 | -0.09 | — | 99 | Basic Materials | |
| Alimentation Couche-Tard Inc. | 0.03 | 0.04 | — | 55 | Consumer Cyclical |
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