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), 8 of which are negatively correlated. The least correlated is Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC.TO) (Derivative Income) with a 1Y correlation of -0.11, roughly unchanged from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Canadian Oil and Gas Equity Covered Call ... | -0.11 | 0.01 | -0.02 | 89 | Derivative Income, Energy Equities | HSUV-U.TO vs ENCC.TO | |
| CIBC Premium Cash Management ETF | -0.10 | — | — | 99 | Money Market | HSUV-U.TO vs CCAD.TO | |
| Evolve High Interest Savings Account ETF | -0.07 | -0.00 | 0.01 | 99 | Money Market | HSUV-U.TO vs HISA.NEO | |
| iShares Premium Money Market ETF | -0.04 | 0.02 | -0.02 | 100 | Money Market | HSUV-U.TO vs CMR.TO | |
| Purpose USD Cash Management ETF | -0.03 | 0.06 | — | 100 | Ultrashort Bond, Money Market | HSUV-U.TO vs MNU-U.TO |
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