Looking to diversify beyond MSTY.TO? The ETFs below have the lowest correlation with MSTY.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 MSTY.TO.
Best Diversifiers for MSTY.TO
20 ETFs have low correlation with MSTY.TO (below 0.3), 3 of which are negatively correlated. The least correlated is Hamilton Utilities YIELD MAXIMIZER ETF (UMAX.TO) (Derivative Income) with a 1Y correlation of -0.08, roughly unchanged from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hamilton Utilities YIELD MAXIMIZER ETF | -0.08 | -0.00 | -0.00 | 58 | Derivative Income, Utilities Equities | MSTY.TO vs UMAX.TO | |
| BMO Covered Call Utilities ETF | -0.05 | -0.03 | -0.03 | 58 | Utilities Equities, Derivative Income | MSTY.TO vs ZWU.TO | |
| Global X Enhanced Canadian Oil and Gas Equity Cove... | -0.02 | — | — | 85 | Oil & Gas, Derivative Income | MSTY.TO vs ENCL.TO | |
| Harvest Equal Weight Global Utilities Enhanced Inc... | 0.01 | -0.03 | — | 58 | Derivative Income, Utilities Equities | MSTY.TO vs HUTE.TO | |
| CI Energy Giants Covered Call ETF Common Units (CA... | 0.01 | — | — | 73 | Energy Equities, Derivative Income | MSTY.TO vs NXF.TO |
See all 26 diversifiers for MSTY.TO
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