Looking to balance out your exposure to PGIC.TO? The ETFs below have the lowest correlation with PGIC.TO — they tend to move on their own, which can help reduce risk when PGIC.TO drops. The stock ideas table highlights individual companies that behave independently from PGIC.TO.
Best Diversifiers for PGIC.TO
2 ETFs have low correlation with PGIC.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Hamilton Enhanced U.S. Covered Call ETF (HYLD.TO) (Derivative Income) with a 1Y correlation of 0.21, up from 0.03 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hamilton Enhanced U.S. Covered Call ETF | 0.21 | 0.03 | — | 77 | Derivative Income | PGIC.TO vs HYLD.TO | |
| Hamilton Enhanced Canadian Covered Call ETF | 0.28 | 0.10 | — | 93 | Derivative Income | PGIC.TO vs HDIV.TO |
Diversification Analysis
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