Looking to diversify beyond HOD.TO? The ETFs below have the lowest correlation with HOD.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 HOD.TO.
Best Diversifiers for HOD.TO
10 ETFs have low correlation with HOD.TO (below 0.3), 1 of which are negatively correlated. The least correlated is Global X High Interest Savings ETF (CASH.TO) (Money Market) with a 1Y correlation of -0.00, 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 | -0.00 | 0.02 | — | 100 | Money Market | HOD.TO vs CASH.TO | |
| Global X 0-3 Month T-Bill ETF | 0.05 | 0.03 | — | 99 | Canadian Government Bonds | HOD.TO vs CBIL.TO | |
| Global X Cash Maximizer Corporate Class ETF | 0.17 | 0.02 | 0.04 | 67 | Money Market | HOD.TO vs HSAV.TO | |
| Global X Artificial Intelligence Semiconductor Ind... | 0.18 | 0.00 | -0.07 | 89 | Semiconductors, Technology Equities | HOD.TO vs CHPS.TO | |
| Global X NASDAQ-100 Covered Call ETF | 0.23 | 0.09 | 0.04 | 74 | Nasdaq-100, Derivative Income | HOD.TO vs QQCC.TO |
See all 10 diversifiers for HOD.TO
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