Looking to diversify beyond HVOI.TO? The ETFs below have historically moved differently from HVOI.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 HVOI.TO
10 ETFs have low correlation with HVOI.TO (below 0.3), 2 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P/TSX Capped Energy Index ETF | -0.03 | — | — | 85 | Energy Equities, Canada Equities | HVOI.TO vs XEG.TO | |
| Harvest Energy Leaders Income ETF – Class A Units | -0.02 | — | — | 81 | Energy Equities, Derivative Income | HVOI.TO vs HPF.TO | |
| Global X Canadian Oil and Gas Equity Covered Call ... | 0.04 | — | — | 89 | Derivative Income, Energy Equities | HVOI.TO vs ENCC.TO | |
| Global X Enhanced Canadian Oil and Gas Equity Cove... | 0.06 | — | — | 89 | Energy Equities, Derivative Income | HVOI.TO vs ENCL.TO | |
| Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhed... | 0.07 | — | — | 64 | Government Bonds, Derivative Income | HVOI.TO vs HBIL-U.TO |
See all 66 diversifiers for HVOI.TO
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