Looking to diversify beyond SDAY.NEO? The ETFs below have the lowest correlation with SDAY.NEO — 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 SDAY.NEO.
Best Diversifiers for SDAY.NEO
3 ETFs have low correlation with SDAY.NEO (below 0.3), 0 of which are negatively correlated. The least correlated is Evolve NASDAQ Technology Enhanced Yield Index Fund (QQQY.TO) (Nasdaq-100) with a 1Y correlation of 0.09, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Evolve NASDAQ Technology Enhanced Yield Index Fund | 0.09 | 0.09 | 0.09 | 75 | Nasdaq-100, Derivative Income | SDAY.NEO vs QQQY.TO | |
| Global X Enhanced Canadian Oil and Gas Equity Cove... | 0.10 | 0.10 | 0.10 | 79 | Energy Equities, Derivative Income | SDAY.NEO vs ENCL.TO | |
| Harvest Alphabet Enhanced High Income Shares ETF C... | 0.18 | 0.18 | 0.18 | 94 | Derivative Income | SDAY.NEO vs GOGY.TO | |
| Harvest Equal Weight Global Utilities Enhanced Inc... | 0.36 | 0.36 | 0.36 | 71 | Derivative Income, Utilities Equities | SDAY.NEO vs HUTE.TO | |
| Global X Enhanced Equal Weight Canadian Banks Cove... | 0.38 | 0.38 | — | 96 | Financials Equities, Derivative Income | SDAY.NEO vs BKCL.TO |
See all 12 diversifiers for SDAY.NEO
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements SDAY.NEO
Add SDAY.NEO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SDAY.NEO