Looking to diversify beyond HTB.TO? The ETFs below have the lowest correlation with HTB.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 HTB.TO.
Best Diversifiers for HTB.TO
11 ETFs have low correlation with HTB.TO (below 0.3), 2 of which are negatively correlated. The least correlated is Global X 0-3 Month T-Bill ETF (CBIL.TO) (Canadian Government Bonds) with a 1Y correlation of -0.07, roughly unchanged from -0.01 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X 0-3 Month T-Bill ETF | -0.07 | -0.01 | — | 99 | Canadian Government Bonds | HTB.TO vs CBIL.TO | |
| Global X High Interest Savings ETF | -0.03 | 0.01 | — | 100 | Money Market | HTB.TO vs CASH.TO | |
| Global X Cash Maximizer Corporate Class ETF | 0.02 | -0.02 | 0.02 | 70 | Money Market | HTB.TO vs HSAV.TO | |
| Global X Equal Weight Banks Index ETF | 0.03 | 0.02 | — | 98 | Financials Equities, Equal Weight | HTB.TO vs HBNK.TO | |
| Global X S&P/TSX 60 Index Corporate Class ETF | 0.06 | 0.02 | -0.11 | 93 | Canada Equities | HTB.TO vs HXT.TO |
See all 11 diversifiers for HTB.TO
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