Looking to diversify beyond NRGU.TO? The ETFs below have the lowest correlation with NRGU.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 NRGU.TO.
Best Diversifiers for NRGU.TO
13 ETFs have low correlation with NRGU.TO (below 0.3), 11 of which are negatively correlated. The least correlated is Hamilton Enhanced Canadian Bank ETF (HCAL.TO) (Financials Equities) with a 1Y correlation of -0.12, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hamilton Enhanced Canadian Bank ETF | -0.12 | 0.13 | 0.28 | 98 | Financials Equities, Canada Equities, Leveraged Equities | NRGU.TO vs HCAL.TO | |
| Global X NASDAQ-100 Covered Call ETF | -0.12 | 0.03 | 0.12 | 84 | Nasdaq-100, Derivative Income | NRGU.TO vs QQCC.TO | |
| Global X Equal Weight Banks Index ETF | -0.12 | — | — | 98 | Financials Equities, Equal Weight | NRGU.TO vs HBNK.TO | |
| BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alterna... | -0.12 | — | — | 52 | Nasdaq-100, Leveraged Equities | NRGU.TO vs TQQQ.TO | |
| BetaPro NASDAQ-100 2x Daily Bull ETF | -0.11 | 0.07 | 0.17 | 54 | Nasdaq-100, Leveraged Equities | NRGU.TO vs QQU.TO |
See all 13 diversifiers for NRGU.TO
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Diversification Analysis
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