Looking to diversify beyond LEAD.TO? The ETFs below have the lowest correlation with LEAD.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 LEAD.TO.
Best Diversifiers for LEAD.TO
0 ETFs have low correlation with LEAD.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Global X Canadian S&P/TSX 60 Covered Call ETF (CNCC.TO) (Derivative Income) with a 1Y correlation of 0.31, roughly unchanged from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Canadian S&P/TSX 60 Covered Call ETF | 0.31 | 0.30 | 0.31 | 93 | Derivative Income, Options Trading, Canada Equities, Actively Managed | LEAD.TO vs CNCC.TO | |
| Global X Big Data & Hardware Index ETF | 0.37 | 0.44 | 0.43 | 77 | Technology Equities, Global Equities | LEAD.TO vs HBGD.TO | |
| Brompton Tech Leaders Income ETF | 0.44 | 0.43 | 0.46 | 56 | Technology Equities, Derivative Income | LEAD.TO vs TLF.TO | |
| Hamilton Enhanced U.S. Covered Call ETF | 0.45 | 0.41 | — | 69 | Derivative Income | LEAD.TO vs HYLD.TO |
Diversification Analysis
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