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CI Energy Giants Covered Call ETF Common Units (CAD Hedged) (NXF.TO) Diversifiers

ETF · Currency in CAD · Last updated Jun 24, 2026

The CI Energy Giants Covered Call ETF (NXF) is an actively managed fund that invests on an equal-weight basis in a portfolio of equity securities of at least the 15 largest energy companies by market capitalization listed on a North American stock exchange. The fund employs a covered call writing strategy on up to 25% of its holdings to generate quarterly cash distributions and lower overall portfolio volatility, with foreign currency exposure hedged to the Canadian dollar.

Looking to diversify beyond NXF.TO? The ETFs below have the lowest correlation with NXF.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 NXF.TO.

Best Diversifiers for NXF.TO

38 ETFs have low correlation with NXF.TO (below 0.3), 24 of which are negatively correlated. The least correlated is Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedged) (HBIL.TO) (Derivative Income) with a 1Y correlation of -0.26, down from -0.14 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
HBIL.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...-0.26-0.14-0.14
54
Derivative Income, Short-Term BondNXF.TO vs HBIL.TO
BANK.TO
Evolve Canadian Banks and Lifecos Enhanced Yield I...-0.230.10—
97
Derivative IncomeNXF.TO vs BANK.TO
EMCL.NEO
Global X Enhanced MSCI Emerging Markets Covered Ca...-0.19——
79
Derivative IncomeNXF.TO vs EMCL.NEO
DXQ.TO
Dynamic Active Enhanced Yield Covered Options ETF-0.170.05—
68
Derivative IncomeNXF.TO vs DXQ.TO
CIC.TO
CI Canadian Banks Covered Call Income Class ETF-0.160.130.29
97
Financials EquitiesNXF.TO vs CIC.TO
See all 49 diversifiers for NXF.TO

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Diversification Analysis

Build a portfolio that complements NXF.TO

Add NXF.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

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