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
3 ETFs have low correlation with LIFE.TO (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Enhanced NASDAQ-100 Covered Call ETF | 0.19 | — | — | 81 | Nasdaq-100, Derivative Income | LIFE.TO vs QQCL.TO | |
| Harvest Equal Weight Global Utilities Income ETF | 0.22 | 0.27 | 0.36 | 58 | Utilities Equities | LIFE.TO vs HUTL.TO | |
| Evolve Global Materials & Mining Enhanced Yield In... | 0.30 | 0.27 | 0.27 | 79 | Materials | LIFE.TO vs BASE.TO | |
| Vanguard FTSE Canadian High Dividend Yield Index E... | 0.30 | 0.37 | 0.40 | 98 | Dividend | LIFE.TO vs VDY.TO | |
| Hamilton Enhanced U.S. Covered Call ETF | 0.32 | 0.41 | — | 75 | Derivative Income | LIFE.TO vs HYLD.TO |
See all 8 diversifiers for LIFE.TO
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Diversification Analysis
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