Looking to diversify beyond LLYH.TO? The ETFs below have the lowest correlation with LLYH.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 LLYH.TO.
Best Diversifiers for LLYH.TO
16 ETFs have low correlation with LLYH.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Dynamic Active U.S. Dividend ETF (DXU.TO) (Dividend) with a 1Y correlation of 0.06, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Dynamic Active U.S. Dividend ETF | 0.06 | 0.20 | 0.20 | 59 | Dividend | LLYH.TO vs DXU.TO | |
| Vanguard FTSE Canadian High Dividend Yield Index E... | 0.12 | 0.16 | 0.16 | 99 | Dividend | LLYH.TO vs VDY.TO | |
| Fidelity Canadian High Dividend Index ETF | 0.14 | — | — | 96 | Dividend | LLYH.TO vs FCCD.TO | |
| TD Canadian Bank Dividend Index ETF | 0.14 | 0.17 | — | 98 | Dividend | LLYH.TO vs TBNK.TO | |
| iShares Core MSCI Canadian Quality Dividend Index ... | 0.14 | 0.18 | 0.18 | 98 | Dividend, Large Cap Value Equities | LLYH.TO vs XDIV.TO |
See all 17 diversifiers for LLYH.TO
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