Looking to balance out your exposure to LFE.TO? The ETFs below have the lowest correlation with LFE.TO — they tend to move on their own, which can help reduce risk when LFE.TO drops. The stock ideas table highlights individual companies that behave independently from LFE.TO.
Best Diversifiers for LFE.TO
5 ETFs have low correlation with LFE.TO (below 0.3), 1 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... | -0.09 | — | — | 75 | Derivative Income | LFE.TO vs UTES.TO | |
| Harvest Tech Achievers Enhanced Income ETF - Class... | 0.23 | 0.32 | — | 52 | Technology Equities | LFE.TO vs HTAE.TO | |
| BMO CA High Dividend Covered Call ETF | 0.28 | 0.53 | 0.59 | 95 | Derivative Income | LFE.TO vs ZWC.TO | |
| Global X Enhanced NASDAQ-100 Covered Call ETF | 0.29 | — | — | 82 | Nasdaq-100, Derivative Income | LFE.TO vs QQCL.TO | |
| Hamilton Enhanced Canadian Covered Call ETF | 0.29 | 0.51 | — | 95 | Derivative Income | LFE.TO vs HDIV.TO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LFE.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LFE.TO and solid risk/return profiles. The least correlated is Alaris Equity Partners Income Trust (AD-UN.TO) (Financial Services) with a 1Y correlation of 0.33, down from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Alaris Equity Partners Income Trust | 0.33 | 0.43 | 0.46 | 92 | Financial Services | |
| Dividend 15 Split Corp. | 0.45 | 0.57 | 0.53 | 98 | Financial Services |
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