Looking to diversify beyond HLPR.TO? The ETFs below have historically moved differently from HLPR.TO, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for HLPR.TO
20 ETFs have low correlation with HLPR.TO (below 0.3), 3 of which are negatively correlated. The least correlated is Global X High Interest Savings ETF (CASH.TO) (Money Market) with a 1Y correlation of -0.12, down from -0.02 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X High Interest Savings ETF | -0.12 | -0.02 | — | 100 | Money Market | HLPR.TO vs CASH.TO | |
| Brompton Split Corp. Preferred Share ETF | -0.04 | 0.08 | — | 72 | Preferred Stock | HLPR.TO vs SPLT.TO | |
| Global X 0-3 Month T-Bill ETF | -0.02 | -0.00 | — | 99 | Canadian Government Bonds | HLPR.TO vs CBIL.TO | |
| Global X Cash Maximizer Corporate Class ETF | 0.01 | 0.03 | 0.03 | 63 | Money Market | HLPR.TO vs HSAV.TO | |
| Global X Canadian High Dividend Index Corporate Cl... | 0.02 | 0.15 | 0.22 | 98 | Canada Equities | HLPR.TO vs HXH.TO |
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