Looking to diversify beyond HTA.TO? The ETFs below have the lowest correlation with HTA.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 HTA.TO.
Best Diversifiers for HTA.TO
6 ETFs have low correlation with HTA.TO (below 0.3), 4 of which are negatively correlated. The least correlated is BMO Covered Call Energy ETF (ZWEN.TO) (Energy Equities) with a 1Y correlation of -0.17, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BMO Covered Call Energy ETF | -0.17 | 0.04 | 0.05 | 74 | Energy Equities | HTA.TO vs ZWEN.TO | |
| Global X Canadian Oil and Gas Equity Covered Call ... | -0.14 | 0.09 | 0.18 | 85 | Derivative Income, Energy Equities | HTA.TO vs ENCC.TO | |
| Global X Enhanced Canadian Oil and Gas Equity Cove... | -0.13 | — | — | 85 | Oil & Gas, Derivative Income | HTA.TO vs ENCL.TO | |
| Harvest Equal Weight Global Utilities Enhanced Inc... | -0.04 | -0.03 | — | 58 | Derivative Income, Utilities Equities | HTA.TO vs HUTE.TO | |
| Global X Artificial Intelligence Semiconductor Ind... | 0.15 | 0.14 | — | 94 | Semiconductors, Technology Equities | HTA.TO vs CHPS-U.TO |
See all 41 diversifiers for HTA.TO
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