Looking to diversify beyond LIFE.TO? The ETFs below have the lowest correlation with LIFE.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 LIFE.TO.
Best Diversifiers for LIFE.TO
10 ETFs have low correlation with LIFE.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Evolve Active Canadian Preferred Share Fund (DIVS.TO) (Actively Managed) with a 1Y correlation of 0.03, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Evolve Active Canadian Preferred Share Fund | 0.03 | 0.07 | 0.07 | 94 | Actively Managed, Preferred Stock | LIFE.TO vs DIVS.TO | |
| First Trust AlphaDEX U.S. Health Care Sector Index... | 0.04 | 0.07 | 0.17 | 64 | Health & Biotech Equities | LIFE.TO vs FHH.TO | |
| Global X Enhanced NASDAQ-100 Covered Call ETF | 0.07 | 0.20 | 0.20 | 65 | Nasdaq-100, Derivative Income | LIFE.TO vs QQCL.TO | |
| Hamilton Enhanced U.S. Covered Call ETF | 0.20 | 0.36 | — | 69 | Derivative Income | LIFE.TO vs HYLD.TO | |
| Evolve Global Materials & Mining Enhanced Yield In... | 0.22 | 0.26 | 0.26 | 68 | Materials | LIFE.TO vs BASE.TO |
See all 12 diversifiers for LIFE.TO
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Diversification Analysis
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