Looking to diversify beyond HLPR.TO? The ETFs below have the lowest correlation with HLPR.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 HLPR.TO.
Best Diversifiers for HLPR.TO
14 ETFs have low correlation with HLPR.TO (below 0.3), 4 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, roughly unchanged from -0.02 over 3 years.
| 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 | -0.02 | — | — | 54 | Preferred Stock/Convertible Bonds | 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 | -0.00 | 0.04 | 0.04 | 66 | Bank Loan | HLPR.TO vs HSAV.TO | |
| Global X S&P/TSX 60 Corporate Class ETF | 0.11 | 0.22 | 0.27 | 81 | Canada Equities | HLPR.TO vs HXT.TO |
See all 19 diversifiers for HLPR.TO
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