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
22 ETFs have low correlation with HISU-U.TO (below 0.3), 13 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 -0.07, roughly unchanged from -0.10 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Evolve European Banks Enhanced Yield ETF Hedged CA... | -0.07 | -0.10 | — | 52 | Financials Equities, Derivative Income | HISU-U.TO vs EBNK.TO | |
| Evolve NASDAQ Technology Enhanced Yield Index Fund | -0.07 | — | — | 59 | Nasdaq-100, Derivative Income | HISU-U.TO vs QQQY.TO | |
| Evolve Canadian Energy Enhanced Yield Index Fund E... | -0.04 | — | — | 61 | Energy Equities | HISU-U.TO vs OILY.TO | |
| CIBC Premium Cash Management ETF | -0.03 | — | — | 99 | Money Market | HISU-U.TO vs CCAD.TO | |
| Vanguard FTSE Canadian High Dividend Yield Index E... | -0.03 | 0.03 | — | 98 | Dividend | HISU-U.TO vs VDY.TO |
To view more results, upgrade your current subscription plan.
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 -0.04, roughly unchanged from 0.01 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cameco Corporation | -0.04 | 0.01 | — | 73 | Energy | |
| Canadian National Railway Company | 0.01 | -0.01 | — | 69 | Industrials | |
| 5N Plus Inc. | 0.09 | 0.04 | — | 99 | Basic Materials |
Build a portfolio that complements HISU-U.TO
Add HISU-U.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with HISU-U.TO