Looking to diversify beyond SPXD.TO? The ETFs below have the lowest correlation with SPXD.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 SPXD.TO.
Best Diversifiers for SPXD.TO
9 ETFs have low correlation with SPXD.TO (below 0.3), 8 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Enhanced S&P 500 Covered Call ETF | -0.82 | — | — | 84 | Derivative Income, S&P 500 | SPXD.TO vs USCL.TO | |
| Global X Enhanced NASDAQ-100 Covered Call ETF | -0.80 | — | — | 85 | Nasdaq-100, Derivative Income | SPXD.TO vs QQCL.TO | |
| Global X NASDAQ-100 Covered Call ETF | -0.80 | -0.78 | -0.65 | 84 | Nasdaq-100, Derivative Income | SPXD.TO vs QQCC.TO | |
| Global X Artificial Intelligence Semiconductor Ind... | -0.72 | -0.74 | -0.76 | 94 | Semiconductors, Technology Equities | SPXD.TO vs CHPS.TO | |
| Global X S&P/TSX 60 Index Corporate Class ETF | -0.65 | -0.69 | -0.73 | 89 | Canada Equities | SPXD.TO vs HXT.TO |
See all 9 diversifiers for SPXD.TO
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Diversification Analysis
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