Looking to balance out your exposure to QBTC.TO? The ETFs below have the lowest correlation with QBTC.TO — they tend to move on their own, which can help reduce risk when QBTC.TO drops. The stock ideas table highlights individual companies that behave independently from QBTC.TO.
Best Diversifiers for QBTC.TO
0 ETFs have low correlation with QBTC.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Hamilton Enhanced Canadian Covered Call ETF (HDIV.TO) (Derivative Income) with a 1Y correlation of 0.39, roughly unchanged from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hamilton Enhanced Canadian Covered Call ETF | 0.39 | 0.28 | 0.31 | 95 | Derivative Income | QBTC.TO vs HDIV.TO |
Diversification Analysis
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