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Global X Cash Maximizer Corporate Class ETF (HSAV.TO) Diversifiers

ETF · Currency in CAD · Last updated Jun 4, 2026

HSAV seeks to generate capital growth by investing primarily in high-interest deposit accounts with Canadian chartered banks, offering higher interest rates than traditional savings accounts.

Looking to diversify beyond HSAV.TO? The ETFs below have the lowest correlation with HSAV.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 HSAV.TO.

Best Diversifiers for HSAV.TO

72 ETFs have low correlation with HSAV.TO (below 0.3), 13 of which are negatively correlated. The least correlated is Global X Lithium Producers Index ETF (HLIT.TO) (Commodity Producers Equities) with a 1Y correlation of -0.09, down from 0.04 over 3 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
HLIT.TO
Global X Lithium Producers Index ETF-0.090.04—
87
Commodity Producers EquitiesHSAV.TO vs HLIT.TO
ENCL.TO
Global X Enhanced Canadian Oil and Gas Equity Cove...-0.050.030.03
85
Oil & Gas, Derivative IncomeHSAV.TO vs ENCL.TO
ENCC.TO
Global X Canadian Oil and Gas Equity Covered Call ...-0.050.020.00
85
Derivative Income, Energy EquitiesHSAV.TO vs ENCC.TO
ZMMK.TO
BMO Money Market Fund ETF Series-0.04-0.04—
100
Money MarketHSAV.TO vs ZMMK.TO
XBM.TO
iShares S&P/TSX Global Base Metals Index ETF-0.030.020.01
85
Energy EquitiesHSAV.TO vs XBM.TO
See all 72 diversifiers for HSAV.TO

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from HSAV.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HSAV.TO and solid risk/return profiles. The least correlated is Power Corporation of Canada (POW.TO) (Financial Services) with a 1Y correlation of -0.04, roughly unchanged from 0.01 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
POW.TO
Power Corporation of Canada-0.040.010.01
94
Financial Services

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Diversification Analysis

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