Looking to diversify beyond HNU.TO? The ETFs below have the lowest correlation with HNU.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 HNU.TO.
Best Diversifiers for HNU.TO
2 ETFs have low correlation with HNU.TO (below 0.3), 2 of which are negatively correlated. The least correlated is Global X S&P 500 Index Corporate Class ETF (HXS.TO) (S&P 500) with a 1Y correlation of -0.24, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X S&P 500 Index Corporate Class ETF | -0.24 | -0.03 | 0.03 | 76 | S&P 500 | HNU.TO vs HXS.TO | |
| Global X S&P/TSX 60 Index Corporate Class ETF | -0.15 | -0.03 | 0.06 | 89 | Canada Equities | HNU.TO vs HXT.TO |
Diversification Analysis
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