Looking to diversify beyond HIU.TO? The ETFs below have the lowest correlation with HIU.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 HIU.TO.
Best Diversifiers for HIU.TO
22 ETFs have low correlation with HIU.TO (below 0.3), 21 of which are negatively correlated. The least correlated is Vanguard S&P 500 CAD-hedged ETF (VSP.TO) (S&P 500) with a 1Y correlation of -0.98, roughly unchanged from -0.96 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 CAD-hedged ETF | -0.98 | -0.95 | -0.96 | 63 | S&P 500 | HIU.TO vs VSP.TO | |
| iShares Core S&P 500 Index ETF (CAD-Hedged) | -0.98 | -0.95 | -0.97 | 65 | S&P 500 | HIU.TO vs XSP.TO | |
| BMO S&P 500 (CAD Hedged) | -0.97 | -0.95 | -0.96 | 64 | S&P 500 | HIU.TO vs ZUE.TO | |
| BMO S&P 500 Index ETF | -0.88 | -0.86 | -0.87 | 77 | S&P 500 | HIU.TO vs ZSP.TO | |
| Vanguard S&P 500 Index ETF | -0.88 | -0.86 | -0.87 | 78 | S&P 500 | HIU.TO vs VFV.TO |
See all 22 diversifiers for HIU.TO
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Diversification Analysis
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