Looking to diversify beyond SOXU.TO? The ETFs below have historically moved differently from SOXU.TO, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for SOXU.TO
2 ETFs have low correlation with SOXU.TO (below 0.3), 2 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Evolve Canadian Utilities Enhanced Yield Index Fun... | -0.29 | — | — | 67 | Utilities Equities, Derivative Income, Leveraged Equities | SOXU.TO vs UTES.TO | |
| BetaPro S&P/TSX Capped Energy 2x Daily Bull ETF | -0.01 | — | — | 89 | Leveraged Equities | SOXU.TO vs NRGU.TO | |
| BetaPro S&P/TSX 60 2x Daily Bull ETF | 0.37 | — | — | 92 | Leveraged Equities | SOXU.TO vs CNDU.TO | |
| BetaPro S&P/TSX Capped Financials 2x Daily Bull ET... | 0.38 | — | — | 97 | Leveraged Equities, Financials Equities, Canada Equities | SOXU.TO vs CFOU.TO | |
| Hamilton Enhanced Canadian Bank ETF | 0.39 | — | — | 98 | Financials Equities, Canada Equities, Leveraged Equities | SOXU.TO vs HCAL.TO |
See all 8 diversifiers for SOXU.TO
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