Looking to diversify beyond SPXU.TO? The ETFs below have the lowest correlation with SPXU.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 SPXU.TO.
Best Diversifiers for SPXU.TO
4 ETFs have low correlation with SPXU.TO (below 0.3), 2 of which are negatively correlated. The least correlated is BetaPro S&P/TSX Capped Energy 2x Daily Bull ETF (NRGU.TO) (Leveraged Equities) with a 1Y correlation of -0.10, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BetaPro S&P/TSX Capped Energy 2x Daily Bull ETF | -0.10 | 0.11 | 0.25 | 62 | Leveraged Equities | SPXU.TO vs NRGU.TO | |
| Global X High Interest Savings ETF | -0.03 | 0.04 | — | 99 | Money Market | SPXU.TO vs CASH.TO | |
| Global X 0-3 Month T-Bill ETF | 0.05 | 0.03 | — | 99 | Canadian Government Bonds | SPXU.TO vs CBIL.TO | |
| Global X Cash Maximizer Corporate Class ETF | 0.11 | 0.08 | 0.04 | 69 | Money Market | SPXU.TO vs HSAV.TO | |
| Global X Enhanced S&P 500 Index ETF | 0.53 | — | — | 90 | Leveraged Equities, S&P 500 | SPXU.TO vs USSL.TO |
See all 18 diversifiers for SPXU.TO
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