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Global X Canadian High Dividend Index Corporate Class ETF (HXH.TO) Diversifiers

ETF · Currency in CAD · Last updated Jun 4, 2026

HXH seeks to replicate the performance of the Solactive Canadian High Dividend Yield Index (Total Return), providing exposure to Canadian-listed equity securities with high dividend yields. The ETF offers diversified holdings across various sectors to reduce stock- and sector-specific risks while targeting significant income generation.

Looking to diversify beyond HXH.TO? The ETFs below have the lowest correlation with HXH.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 HXH.TO.

Best Diversifiers for HXH.TO

19 ETFs have low correlation with HXH.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 -0.02, roughly unchanged from 0.03 over 3 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
CBIL.TO
Global X 0-3 Month T-Bill ETF-0.020.03—
99
Canadian Government BondsHXH.TO vs CBIL.TO
HSAV.TO
Global X Cash Maximizer Corporate Class ETF-0.010.030.01
66
Bank LoanHXH.TO vs HSAV.TO
CASH.TO
Global X High Interest Savings ETF0.010.000.01
100
Money MarketHXH.TO vs CASH.TO
QQCC.TO
Global X NASDAQ-100 Covered Call ETF0.040.120.22
82
Nasdaq-100, Derivative IncomeHXH.TO vs QQCC.TO
CHPS.TO
Global X Artificial Intelligence Semiconductor Ind...0.040.17—
94
Semiconductors, Technology EquitiesHXH.TO vs CHPS.TO
See all 56 diversifiers for HXH.TO

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Diversification Analysis

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