Looking to diversify beyond HUTE.TO? The ETFs below have historically moved differently from HUTE.TO, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for HUTE.TO
55 ETFs have low correlation with HUTE.TO (below 0.3), 15 of which are negatively correlated. The least correlated is Harvest Tech Achievers Growth & Income ETF (HTA.TO) (Technology Equities) with a 1Y correlation of -0.14, roughly unchanged from -0.06 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Harvest Tech Achievers Growth & Income ETF | -0.14 | -0.06 | — | 57 | Technology Equities | HUTE.TO vs HTA.TO | |
| Evolve NASDAQ Technology Enhanced Yield Index Fund | -0.13 | — | — | 59 | Nasdaq-100, Derivative Income | HUTE.TO vs QQQY.TO | |
| CI Tech Giants Covered Call Common | -0.12 | -0.06 | — | 64 | Technology Equities, Derivative Income | HUTE.TO vs TXF.TO | |
| Harvest Tech Leaders Enhanced Income ETF - Class A... | -0.12 | -0.08 | 0.00 | 56 | Technology Equities, Covered Call, Leveraged Equities | HUTE.TO vs HTAE.TO | |
| Hamilton EnhancedTechnology DayMAX™ ETF | -0.12 | — | — | 62 | Derivative Income | HUTE.TO vs QDAY.NEO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for HUTE.TO, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Fortis Inc. (FTS.TO) (Utilities) with a 1Y correlation of 0.52, roughly unchanged from 0.46 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Fortis Inc. | 0.52 | 0.52 | 0.46 | 83 | Utilities |
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