Looking to balance out your exposure to LFE.TO? The ETFs below have historically moved differently from LFE.TO, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for LFE.TO
5 ETFs have low correlation with LFE.TO (below 0.3), 1 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Evolve Canadian Utilities Enhanced Yield Index Fun... | -0.09 | — | — | 67 | Utilities Equities, Derivative Income, Leveraged Equities | LFE.TO vs UTES.TO | |
| Hamilton EnhancedTechnology DayMAX™ ETF | 0.23 | — | — | 51 | Derivative Income | LFE.TO vs QDAY.NEO | |
| Hamilton Enhanced U.S. Equity DayMAX™ ETF | 0.25 | — | — | 74 | Derivative Income | LFE.TO vs SDAY.NEO | |
| Global X Enhanced NASDAQ-100 Covered Call ETF | 0.29 | — | — | 56 | Nasdaq-100, Derivative Income | LFE.TO vs QQCL.TO | |
| BMO CA High Dividend Covered Call ETF | 0.30 | 0.55 | 0.59 | 96 | Derivative Income | LFE.TO vs ZWC.TO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for LFE.TO, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Alaris Equity Partners Income Trust (AD-UN.TO) (Financial Services) with a 1Y correlation of 0.35, down from 0.46 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Alaris Equity Partners Income Trust | 0.35 | 0.44 | 0.46 | 92 | Financial Services | |
| Dividend 15 Split Corp. | 0.49 | 0.58 | 0.53 | 98 | Financial Services |
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