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), 8 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Broadcom (AVGO) Yield Shares Purpose ETF | -0.11 | — | — | 85 | Derivative Income, Semiconductors | HUTE.TO vs YAVG.NEO | |
| Harvest NVIDIA Enhanced High Income Shares ETF | -0.07 | — | — | 62 | Derivative Income | HUTE.TO vs NVHE.TO | |
| Evolve NASDAQ Technology Enhanced Yield Index Fund | -0.06 | — | — | 79 | Nasdaq-100, Derivative Income | HUTE.TO vs QQQY.TO | |
| Harvest Tech Achievers Growth & Income ETF | -0.05 | -0.03 | — | 71 | Technology Equities | HUTE.TO vs HTA.TO | |
| Harvest Tech Achievers Enhanced Income ETF - Class... | -0.05 | -0.04 | — | 71 | Technology Equities | HUTE.TO vs HTAE.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 0.50, roughly unchanged from 0.52 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Fortis Inc. | 0.50 | 0.52 | — | 77 | Utilities |
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