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
5 ETFs have low correlation with LMAX.TO (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hamilton Enhanced U.S. Covered Call ETF (USD) | 0.16 | — | — | 80 | Derivative Income | LMAX.TO vs HYLD-U.TO | |
| Hamilton Canadian Bank Mean Reversion Index ETF | 0.19 | — | — | 98 | Canada Equities | LMAX.TO vs HCA.TO | |
| Hamilton Enhanced Utilities ETF | 0.21 | 0.29 | — | 91 | Utilities Equities | LMAX.TO vs HUTS.TO | |
| iShares Genomics Immunology and Healthcare Index E... | 0.22 | — | — | 92 | Health & Biotech Equities | LMAX.TO vs XDNA.TO | |
| Hamilton Canadian Bank Equal-Weight Index ETF | 0.24 | — | — | 97 | Financials Equities | LMAX.TO vs HEB.TO |
See all 6 diversifiers for LMAX.TO
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