Looking to diversify beyond NVHE.TO? The ETFs below have the lowest correlation with NVHE.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 NVHE.TO.
Best Diversifiers for NVHE.TO
22 ETFs have low correlation with NVHE.TO (below 0.3), 10 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BMO Covered Call Utilities ETF | -0.22 | — | — | 58 | Utilities Equities, Derivative Income | NVHE.TO vs ZWU.TO | |
| Hamilton Utilities YIELD MAXIMIZER ETF | -0.15 | — | — | 58 | Derivative Income, Utilities Equities | NVHE.TO vs UMAX.TO | |
| CI Energy Giants Covered Call ETF Common Units (CA... | -0.13 | — | — | 73 | Energy Equities, Derivative Income | NVHE.TO vs NXF.TO | |
| Global X Enhanced Canadian Oil and Gas Equity Cove... | -0.09 | — | — | 85 | Oil & Gas, Derivative Income | NVHE.TO vs ENCL.TO | |
| Harvest Equal Weight Global Utilities Income ETF | -0.09 | — | — | 58 | Utilities Equities | NVHE.TO vs HUTL.TO |
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