Looking to diversify beyond HUC.TO? The ETFs below have the lowest correlation with HUC.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 HUC.TO.
Best Diversifiers for HUC.TO
16 ETFs have low correlation with HUC.TO (below 0.3), 15 of which are negatively correlated. The least correlated is iShares Core Canadian Short Term Corporate Bond Index ETF (XSH.TO) (Canadian Government Bonds) with a 1Y correlation of -0.35, down from -0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core Canadian Short Term Corporate Bond In... | -0.35 | -0.20 | -0.14 | 60 | Canadian Government Bonds | HUC.TO vs XSH.TO | |
| BMO MSCI EAFE Index ETF | -0.31 | -0.07 | 0.03 | 54 | Foreign Large Cap Equities | HUC.TO vs ZEA.TO | |
| Global X S&P 500 Index Corporate Class ETF | -0.27 | -0.08 | 0.00 | 71 | S&P 500 | HUC.TO vs HXS.TO | |
| Global X Enhanced S&P 500 Covered Call ETF | -0.24 | -0.06 | -0.06 | 78 | Derivative Income, S&P 500 | HUC.TO vs USCL.TO | |
| Global X Equal Weight Banks Index ETF | -0.23 | — | — | 98 | Financials Equities, Equal Weight | HUC.TO vs HBNK.TO |
See all 16 diversifiers for HUC.TO
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