Looking to diversify beyond HUTS.TO? The ETFs below have the lowest correlation with HUTS.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 HUTS.TO.
Best Diversifiers for HUTS.TO
11 ETFs have low correlation with HUTS.TO (below 0.3), 6 of which are negatively correlated. The least correlated is Global X Artificial Intelligence Semiconductor Index ETF (CHPS.TO) (Semiconductors) with a 1Y correlation of -0.16, down from 0.06 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Artificial Intelligence Semiconductor Ind... | -0.16 | 0.06 | — | 92 | Semiconductors, Technology Equities | HUTS.TO vs CHPS.TO | |
| Hamilton Enhanced U.S. Covered Call ETF (USD) | -0.10 | 0.16 | — | 73 | Derivative Income | HUTS.TO vs HYLD-U.TO | |
| Hamilton U.S. Equity YIELD MAXIMIZER ETF | -0.07 | — | — | 88 | Derivative Income | HUTS.TO vs SMAX.TO | |
| iShares Floating Rate Index ETF | -0.03 | -0.01 | — | 98 | Canadian Government Bonds | HUTS.TO vs XFR.TO | |
| Hamilton Enhanced Mixed Asset ETF | -0.01 | — | — | 51 | Diversified Portfolio | HUTS.TO vs MIX.TO |
See all 20 diversifiers for HUTS.TO
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