Looking to diversify beyond NRGY.TO? The ETFs below have historically moved differently from NRGY.TO, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for NRGY.TO
17 ETFs have low correlation with NRGY.TO (below 0.3), 9 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X NASDAQ-100 Covered Call ETF | -0.17 | — | — | 68 | Nasdaq-100, Derivative Income | NRGY.TO vs QQCC.TO | |
| Global X Equal Weight Banks Index ETF | -0.17 | — | — | 98 | Financials Equities, Equal Weight | NRGY.TO vs HBNK.TO | |
| Global X S&P 500 Index Corporate Class ETF | -0.16 | — | — | 81 | S&P 500 | NRGY.TO vs HXS.TO | |
| Global X Nasdaq-100 Index Corporate Class ETF | -0.16 | — | — | 65 | Nasdaq-100 | NRGY.TO vs HXQ.TO | |
| Global X Enhanced S&P 500 Covered Call ETF | -0.15 | — | — | 86 | Derivative Income, S&P 500 | NRGY.TO vs USCL.TO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for NRGY.TO, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Peyto Exploration & Development Corp. | 0.60 | — | — | 79 | Energy | |
| Whitecap Resources Inc. | 0.77 | — | — | 92 | Energy |
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