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MegaLong (3X) US Semiconductors Daily Leveraged Alternative ETF (SOXU.TO) Diversifiers

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

MegaLong (3X) US Semiconductors Daily Leveraged Alternative ETF seeks to replicate three times the daily performance of the Solactive US Semiconductor 30 Capped Index before fees and expenses. The Canadian alternative ETF provides unhedged U.S. dollar semiconductor exposure and is designed for short-term, high-conviction leveraged equity views.

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

Best Diversifiers for SOXU.TO

0 ETFs have low correlation with SOXU.TO (below 0.3), 0 of which are negatively correlated.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
CFOU.TO
BetaPro S&P/TSX Capped Financials 2x Daily Bull ET...0.38——
96
Leveraged Equities, Financials Equities, Canada EquitiesSOXU.TO vs CFOU.TO
CNDU.TO
BetaPro S&P/TSX 60 2x Daily Bull ETF0.38——
85
Leveraged EquitiesSOXU.TO vs CNDU.TO
HCAL.TO
Hamilton Enhanced Canadian Bank ETF0.39——
98
Financials Equities, Canada Equities, Leveraged EquitiesSOXU.TO vs HCAL.TO
USSL.TO
Global X Enhanced S&P 500 Index ETF0.41——
89
Leveraged Equities, S&P 500SOXU.TO vs USSL.TO
QQQL.TO
Global X Enhanced Nasdaq-100 Index ETF0.48——
77
Nasdaq-100, Leveraged EquitiesSOXU.TO vs QQQL.TO
See all 8 diversifiers for SOXU.TO

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Diversification Analysis

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