Looking to diversify beyond HUTL.TO? The ETFs below have historically moved differently from HUTL.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 HUTL.TO
8 ETFs have low correlation with HUTL.TO (below 0.3), 3 of which are negatively correlated. The least correlated is Harvest Tech Achievers Growth & Income ETF (HTA.TO) (Technology Equities) with a 1Y correlation of -0.16, down from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Harvest Tech Achievers Growth & Income ETF | -0.16 | -0.09 | 0.09 | 57 | Technology Equities | HUTL.TO vs HTA.TO | |
| Evolve NASDAQ Technology Enhanced Yield Index Fund | -0.14 | — | — | 59 | Nasdaq-100, Derivative Income | HUTL.TO vs QQQY.TO | |
| Harvest Tech Leaders Enhanced Income ETF - Class A... | -0.14 | -0.10 | — | 56 | Technology Equities, Covered Call, Leveraged Equities | HUTL.TO vs HTAE.TO | |
| Vanguard All-Equity ETF Portfolio | 0.13 | 0.16 | 0.29 | 90 | Global Equities | HUTL.TO vs VEQT.TO | |
| Global X Equal Weight Banks Index ETF | 0.14 | 0.25 | — | 98 | Financials Equities, Equal Weight | HUTL.TO vs HBNK.TO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for HUTL.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 0.48, roughly unchanged from 0.49 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Fortis Inc. | 0.48 | 0.53 | 0.49 | 83 | Utilities |
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