Looking to diversify beyond HUZ.TO? The ETFs below have the lowest correlation with HUZ.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 HUZ.TO.
Best Diversifiers for HUZ.TO
9 ETFs have low correlation with HUZ.TO (below 0.3), 2 of which are negatively correlated. The least correlated is Global X 0-3 Month T-Bill ETF (CBIL.TO) (Canadian Government Bonds) with a 1Y correlation of -0.06, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X 0-3 Month T-Bill ETF | -0.06 | 0.00 | 0.01 | 99 | Canadian Government Bonds | HUZ.TO vs CBIL.TO | |
| Global X High Interest Savings ETF | -0.04 | -0.01 | — | 100 | Money Market | HUZ.TO vs CASH.TO | |
| Global X Cash Maximizer Corporate Class ETF | 0.03 | -0.01 | -0.01 | 66 | Bank Loan | HUZ.TO vs HSAV.TO | |
| Global X Enhanced S&P 500 Covered Call ETF | 0.11 | — | — | 75 | Derivative Income, S&P 500 | HUZ.TO vs USCL.TO | |
| Global X NASDAQ-100 Covered Call ETF | 0.13 | 0.08 | 0.12 | 82 | Nasdaq-100, Derivative Income | HUZ.TO vs QQCC.TO |
See all 10 diversifiers for HUZ.TO
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