Looking to diversify beyond HXF.TO? The ETFs below have the lowest correlation with HXF.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 HXF.TO.
Best Diversifiers for HXF.TO
16 ETFs have low correlation with HXF.TO (below 0.3), 2 of which are negatively correlated. The least correlated is Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC.TO) (Derivative Income) with a 1Y correlation of -0.09, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Canadian Oil and Gas Equity Covered Call ... | -0.09 | 0.06 | 0.16 | 78 | Derivative Income, Energy Equities | HXF.TO vs ENCC.TO | |
| Global X 0-3 Month T-Bill ETF | -0.04 | -0.00 | -0.01 | 99 | Canadian Government Bonds | HXF.TO vs CBIL.TO | |
| Global X High Interest Savings ETF | 0.01 | 0.00 | 0.00 | 99 | Money Market | HXF.TO vs CASH.TO | |
| Global X Cash Maximizer Corporate Class ETF | 0.03 | -0.00 | 0.02 | 67 | Money Market | HXF.TO vs HSAV.TO | |
| iShares Core MSCI Canadian Quality Dividend Index ... | 0.16 | 0.33 | 0.44 | 98 | Dividend, Large Cap Value Equities | HXF.TO vs XDIV.TO |
See all 31 diversifiers for HXF.TO
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements HXF.TO
Add HXF.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with HXF.TO