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Harvest Tesla Enhanced High Income Shares ETF (TSLY.TO) Diversifiers

ETF · Currency in CAD · Last updated Jul 16, 2026

The ETF invests in Tesla shares and employs an active covered call writing strategy on up to 50% of the portfolio, combined with approximately 25% leverage, to generate high monthly cash distributions and enhance growth potential.

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

Best Diversifiers for TSLY.TO

15 ETFs have low correlation with TSLY.TO (below 0.3), 8 of which are negatively correlated.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
ENCC.TO
Global X Canadian Oil and Gas Equity Covered Call ...-0.14——
89
Derivative Income, Energy EquitiesTSLY.TO vs ENCC.TO
UMAX.TO
Hamilton Utilities YIELD MAXIMIZER ETF-0.14——
73
Derivative Income, Utilities EquitiesTSLY.TO vs UMAX.TO
ZWU.TO
BMO Covered Call Utilities ETF-0.13——
71
Utilities Equities, Derivative IncomeTSLY.TO vs ZWU.TO
ENCL.TO
Global X Enhanced Canadian Oil and Gas Equity Cove...-0.13——
88
Energy Equities, Derivative IncomeTSLY.TO vs ENCL.TO
HPF.TO
Harvest Energy Leaders Income ETF Class A CAD Hedg...-0.11——
69
Energy Equities, Derivative IncomeTSLY.TO vs HPF.TO
See all 34 diversifiers for TSLY.TO

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Diversification Analysis

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