Looking to diversify beyond LMAX.TO? The ETFs below have the lowest correlation with LMAX.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 LMAX.TO.
Best Diversifiers for LMAX.TO
6 ETFs have low correlation with LMAX.TO (below 0.3), 1 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Harvest Broadcom Enhanced High Income Shares ETF -... | -0.04 | — | — | 65 | Derivative Income | LMAX.TO vs AVGY.TO | |
| Hamilton Canadian Bank Mean Reversion Index ETF | 0.19 | — | — | 96 | Canada Equities | LMAX.TO vs HCA.TO | |
| Hamilton Enhanced Utilities ETF | 0.21 | — | — | 92 | Utilities Equities | LMAX.TO vs HUTS.TO | |
| iShares Genomics Immunology and Healthcare Index E... | 0.22 | — | — | 59 | Health & Biotech Equities | LMAX.TO vs XDNA.TO | |
| Hamilton Enhanced Mixed Asset ETF | 0.23 | — | — | 63 | Diversified Portfolio | LMAX.TO vs MIX.TO |
See all 8 diversifiers for LMAX.TO
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Diversification Analysis
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