Looking to diversify beyond HULC.TO? The ETFs below have the lowest correlation with HULC.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 HULC.TO.
Best Diversifiers for HULC.TO
4 ETFs have low correlation with HULC.TO (below 0.3), 1 of which are negatively correlated. The least correlated is Global X High Interest Savings ETF (CASH.TO) (Money Market) with a 1Y correlation of -0.03, roughly unchanged from 0.04 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X High Interest Savings ETF | -0.03 | 0.04 | — | 100 | Money Market | HULC.TO vs CASH.TO | |
| Global X 0-3 Month T-Bill ETF | 0.00 | 0.03 | — | 99 | Canadian Government Bonds | HULC.TO vs CBIL.TO | |
| Brompton Canadian Cash Flow Kings ETF | 0.06 | — | — | 97 | Large Cap Blend Equities | HULC.TO vs KNGC.TO | |
| Global X Cash Maximizer Corporate Class ETF | 0.12 | 0.04 | 0.02 | 66 | Bank Loan | HULC.TO vs HSAV.TO | |
| iShares US Fundamental Index ETF (CAD-Hedged) Comm... | 0.47 | 0.50 | 0.51 | 81 | Large Cap Blend Equities | HULC.TO vs CLU.NEO |
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