Looking to diversify beyond HUM.TO? The ETFs below have the lowest correlation with HUM.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 HUM.TO.
Best Diversifiers for HUM.TO
18 ETFs have low correlation with HUM.TO (below 0.3), 1 of which are negatively correlated. The least correlated is Hamilton Enhanced Utilities ETF (HUTS.TO) (Utilities Equities) with a 1Y correlation of -0.06, down from 0.11 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hamilton Enhanced Utilities ETF | -0.06 | 0.11 | — | 90 | Utilities Equities | HUM.TO vs HUTS.TO | |
| Hamilton Enhanced U.S. Covered Call ETF (USD) | 0.11 | 0.11 | — | 78 | Derivative Income | HUM.TO vs HYLD-U.TO | |
| Hamilton Enhanced Mixed Asset ETF | 0.15 | — | — | 54 | Diversified Portfolio | HUM.TO vs MIX.TO | |
| HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF ... | 0.21 | — | — | 95 | Dividend | HUM.TO vs CWIN.TO | |
| BMO S&P US Mid Cap Index ETF | 0.23 | 0.25 | 0.23 | 57 | Mid Cap Blend Equities | HUM.TO vs ZMID.TO |
See all 20 diversifiers for HUM.TO
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