Looking to diversify beyond NRGD.TO? The ETFs below have the lowest correlation with NRGD.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 NRGD.TO.
Best Diversifiers for NRGD.TO
8 ETFs have low correlation with NRGD.TO (below 0.3), 1 of which are negatively correlated. The least correlated is Global X High Interest Savings ETF (CASH.TO) (Money Market) with a 1Y correlation of -0.08, roughly unchanged from -0.02 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X High Interest Savings ETF | -0.08 | -0.02 | — | 99 | Money Market | NRGD.TO vs CASH.TO | |
| Global X Artificial Intelligence Semiconductor Ind... | 0.02 | -0.13 | -0.21 | 94 | Semiconductors, Technology Equities | NRGD.TO vs CHPS.TO | |
| Global X 0-3 Month T-Bill ETF | 0.05 | 0.02 | — | 99 | Canadian Government Bonds | NRGD.TO vs CBIL.TO | |
| Global X Cash Maximizer Corporate Class ETF | 0.06 | -0.01 | 0.01 | 69 | Money Market | NRGD.TO vs HSAV.TO | |
| Global X Enhanced S&P 500 Covered Call ETF | 0.09 | — | — | 84 | Derivative Income, S&P 500 | NRGD.TO vs USCL.TO |
See all 8 diversifiers for NRGD.TO
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