Looking to diversify beyond HUTL.TO? The ETFs below have the lowest correlation with HUTL.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 HUTL.TO.
Best Diversifiers for HUTL.TO
6 ETFs have low correlation with HUTL.TO (below 0.3), 2 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Evolve NASDAQ Technology Enhanced Yield Index Fund | -0.09 | — | — | 61 | Nasdaq-100, Derivative Income | HUTL.TO vs QQQY.TO | |
| Harvest Tech Achievers Growth & Income ETF | -0.07 | -0.07 | 0.11 | 52 | Technology Equities | HUTL.TO vs HTA.TO | |
| Vanguard All-Equity ETF Portfolio | 0.15 | 0.17 | 0.30 | 82 | Global Equities | HUTL.TO vs VEQT.TO | |
| Harvest Diversified Monthly Income ETF - Class A U... | 0.19 | 0.30 | — | 67 | Derivative Income | HUTL.TO vs HDIF.TO | |
| iShares Global Infrastructure Index ETF | 0.23 | 0.31 | 0.42 | 79 | Energy Equities | HUTL.TO vs CIF.TO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HUTL.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HUTL.TO and solid risk/return profiles. The least correlated is Fortis Inc. (FTS.TO) (Utilities) with a 1Y correlation of 0.48, roughly unchanged from 0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Fortis Inc. | 0.48 | 0.53 | 0.48 | 89 | Utilities |
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