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Global X Active Hybrid Bond and Preferred Share ETF (HYBR.TO) Diversifiers

ETF · Currency in CAD · Last updated Jul 25, 2026

Global X Active Hybrid Bond and Preferred Share ETF seeks to provide a high level of income by investing in a portfolio of hybrid corporate debt, AT1 and limited recourse capital notes, and income-generating preferred securities. The actively managed Canadian ETF is sub-advised by Fiera Capital.

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

Best Diversifiers for HYBR.TO

24 ETFs have low correlation with HYBR.TO (below 0.3), 1 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 -0.00 over 3 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
CBIL.TO
Global X 0-3 Month T-Bill ETF-0.02-0.00—
99
Canadian Government BondsHYBR.TO vs CBIL.TO
CASH.TO
Global X High Interest Savings ETF0.020.04—
100
Money MarketHYBR.TO vs CASH.TO
DCP.TO
Desjardins Canadian Preferred Share Index ETF0.030.150.22
92
Preferred StockHYBR.TO vs DCP.TO
SPLT.TO
Brompton Split Corp. Preferred Share ETF0.030.03—
71
Preferred StockHYBR.TO vs SPLT.TO
PREF.TO
Quadravest Preferred Split Share ETF0.08——
71
Preferred StockHYBR.TO vs PREF.TO
See all 24 diversifiers for HYBR.TO

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Diversification Analysis

Build a portfolio that complements HYBR.TO

Add HYBR.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

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