Looking to diversify beyond HYLD-U.TO? The ETFs below have the lowest correlation with HYLD-U.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 HYLD-U.TO.
Best Diversifiers for HYLD-U.TO
10 ETFs have low correlation with HYLD-U.TO (below 0.3), 6 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Evolve Canadian Utilities Enhanced Yield Index Fun... | -0.17 | — | — | 82 | Derivative Income | HYLD-U.TO vs UTES.TO | |
| CI Energy Giants Covered Call ETF Common Units (CA... | -0.14 | 0.03 | — | 75 | Energy Equities, Derivative Income | HYLD-U.TO vs NXF.TO | |
| Hamilton Enhanced Utilities ETF | -0.09 | 0.12 | — | 93 | Utilities Equities | HYLD-U.TO vs HUTS.TO | |
| Global X Enhanced Canadian Oil and Gas Equity Cove... | -0.07 | — | — | 88 | Oil & Gas, Derivative Income | HYLD-U.TO vs ENCL.TO | |
| Global X Canadian Oil and Gas Equity Covered Call ... | -0.05 | 0.20 | — | 89 | Derivative Income, Energy Equities | HYLD-U.TO vs ENCC.TO |
See all 31 diversifiers for HYLD-U.TO
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Diversification Analysis
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