Looking to diversify beyond HTAE.TO? The ETFs below have the lowest correlation with HTAE.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 HTAE.TO.
Best Diversifiers for HTAE.TO
8 ETFs have low correlation with HTAE.TO (below 0.3), 3 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Evolve Canadian Utilities Enhanced Yield Index Fun... | -0.32 | — | — | 88 | Derivative Income | HTAE.TO vs UTES.TO | |
| Harvest Equal Weight Global Utilities Income ETF | -0.08 | -0.08 | — | 58 | Utilities Equities | HTAE.TO vs HUTL.TO | |
| Harvest Equal Weight Global Utilities Enhanced Inc... | -0.06 | -0.04 | — | 56 | Derivative Income, Utilities Equities | HTAE.TO vs HUTE.TO | |
| BMO Equal Weight Utilities Index ETF | 0.11 | 0.18 | — | 78 | Utilities Equities, Equal Weight | HTAE.TO vs ZUT.TO | |
| Harvest Canadian Equity Income Leaders ETF Class A | 0.20 | 0.26 | — | 98 | Derivative Income | HTAE.TO vs HLIF.TO |
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