Looking to diversify beyond HSUV-U.TO? The ETFs below have the lowest correlation with HSUV-U.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 HSUV-U.TO.
Best Diversifiers for HSUV-U.TO
22 ETFs have low correlation with HSUV-U.TO (below 0.3), 11 of which are negatively correlated. The least correlated is Global X S&P/TSX 60 Corporate Class ETF (HXT.TO) (Canada Equities) with a 1Y correlation of -0.20, up from -0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X S&P/TSX 60 Corporate Class ETF | -0.20 | -0.27 | -0.42 | 87 | Canada Equities | HSUV-U.TO vs HXT.TO | |
| Evolve High Interest Savings Account ETF | -0.12 | -0.03 | -0.03 | 86 | Money Market | HSUV-U.TO vs HISA.NEO | |
| Purpose High Interest Savings Fund | -0.10 | -0.05 | -0.03 | 100 | Money Market | HSUV-U.TO vs PSA.TO | |
| Purpose Cash Management Fund | -0.09 | -0.05 | — | 100 | Money Market | HSUV-U.TO vs MNY.TO | |
| CI High Interest Savings ETF | -0.09 | -0.01 | 0.00 | 100 | Money Market | HSUV-U.TO vs CSAV.TO |
See all 22 diversifiers for HSUV-U.TO
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Diversification Analysis
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