Looking to diversify beyond HPYT.TO? The ETFs below have the lowest correlation with HPYT.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 HPYT.TO.
Best Diversifiers for HPYT.TO
46 ETFs have low correlation with HPYT.TO (below 0.3), 3 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hamilton Energy YIELD MAXIMIZER ETF | -0.26 | — | — | 71 | Energy Equities, Derivative Income | HPYT.TO vs EMAX.TO | |
| Global X Canadian Oil and Gas Equity Covered Call ... | -0.19 | — | — | 90 | Derivative Income, Energy Equities | HPYT.TO vs ENCC.TO | |
| Global X Enhanced Canadian Oil and Gas Equity Cove... | -0.19 | — | — | 89 | Energy Equities, Derivative Income | HPYT.TO vs ENCL.TO | |
| Evolve Canadian Utilities Enhanced Yield Index Fun... | 0.03 | — | — | 81 | Derivative Income | HPYT.TO vs UTES.TO | |
| iShares Core MSCI Canadian Quality Dividend Index ... | 0.05 | — | — | 98 | Dividend, Large Cap Value Equities | HPYT.TO vs XDIV.TO |
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