Looking to diversify beyond HPR.TO? The ETFs below have the lowest correlation with HPR.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 HPR.TO.
Best Diversifiers for HPR.TO
15 ETFs have low correlation with HPR.TO (below 0.3), 2 of which are negatively correlated. The least correlated is Global X High Interest Savings ETF (CASH.TO) (Money Market) with a 1Y correlation of -0.03, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X High Interest Savings ETF | -0.03 | 0.06 | 0.05 | 100 | Money Market | HPR.TO vs CASH.TO | |
| Global X 0-3 Month T-Bill ETF | -0.00 | 0.02 | — | 99 | Canadian Government Bonds | HPR.TO vs CBIL.TO | |
| Global X Cash Maximizer Corporate Class ETF | 0.00 | 0.08 | 0.08 | 66 | Bank Loan | HPR.TO vs HSAV.TO | |
| iShares Core MSCI Canadian Quality Dividend Index ... | 0.06 | 0.22 | 0.25 | 98 | Dividend, Large Cap Value Equities | HPR.TO vs XDIV.TO | |
| Brompton Split Corp. Preferred Share ETF | 0.07 | — | — | 54 | Preferred Stock/Convertible Bonds | HPR.TO vs SPLT.TO |
See all 21 diversifiers for HPR.TO
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