Looking to diversify beyond HOU.TO? The ETFs below have the lowest correlation with HOU.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 HOU.TO.
Best Diversifiers for HOU.TO
10 ETFs have low correlation with HOU.TO (below 0.3), 10 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 -0.27, down from -0.02 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 | -0.27 | -0.11 | -0.02 | 76 | S&P 500 | HOU.TO vs HXS.TO | |
| Global X Equal Weight Banks Index ETF | -0.27 | — | — | 98 | Financials Equities, Equal Weight | HOU.TO vs HBNK.TO | |
| Global X Enhanced S&P 500 Covered Call ETF | -0.26 | — | — | 84 | Derivative Income, S&P 500 | HOU.TO vs USCL.TO | |
| Global X S&P/TSX 60 Index Corporate Class ETF | -0.25 | 0.02 | 0.18 | 89 | Canada Equities | HOU.TO vs HXT.TO | |
| Global X NASDAQ-100 Covered Call ETF | -0.23 | -0.08 | -0.03 | 84 | Nasdaq-100, Derivative Income | HOU.TO vs QQCC.TO |
See all 10 diversifiers for HOU.TO
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