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Harvest Equal Weight Global Utilities Enhanced Income ETF (HUTE.TO) Diversifiers

ETF · Currency in CAD · Last updated Jul 15, 2026

This ETF aims to deliver enhanced income and growth by applying modest leverage to the Harvest Equal Weight Global Utilities Income ETF, providing access to a globally diversified portfolio of utilities companies with increased monthly cash flow.

Looking to diversify beyond HUTE.TO? The ETFs below have the lowest correlation with HUTE.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 HUTE.TO.

Best Diversifiers for HUTE.TO

42 ETFs have low correlation with HUTE.TO (below 0.3), 13 of which are negatively correlated. The least correlated is Harvest Tech Achievers Growth & Income ETF (HTA.TO) (Technology Equities) with a 1Y correlation of -0.11, down from 0.01 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
HTA.TO
Harvest Tech Achievers Growth & Income ETF-0.11-0.070.01
52
Technology EquitiesHUTE.TO vs HTA.TO
YAVG.NEO
Broadcom (AVGO) Yield Shares Purpose ETF-0.11-0.14-0.14
57
Derivative Income, SemiconductorsHUTE.TO vs YAVG.NEO
QDAY.NEO
Hamilton EnhancedTechnology DayMAX™ ETF-0.10-0.10-0.10
66
Derivative IncomeHUTE.TO vs QDAY.NEO
TXF.TO
CI Tech Giants Covered Call Common-0.09-0.06—
70
Technology Equities, Derivative IncomeHUTE.TO vs TXF.TO
QQQY.TO
Evolve NASDAQ Technology Enhanced Yield Index Fund-0.09——
61
Nasdaq-100, Derivative IncomeHUTE.TO vs QQQY.TO
See all 59 diversifiers for HUTE.TO

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from HUTE.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HUTE.TO and solid risk/return profiles. The least correlated is Fortis Inc. (FTS.TO) (Utilities) with a 1Y correlation of 0.51, roughly unchanged from 0.46 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
FTS.TO
Fortis Inc.0.510.520.46
93
Utilities

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Diversification Analysis

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