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
16 ETFs have low correlation with TSLY.TO (below 0.3), 5 of which are negatively correlated. The least correlated is CI Energy Giants Covered Call ETF Common Units (CAD Hedged) (NXF.TO) (Energy Equities) with a 1Y correlation of -0.08, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| CI Energy Giants Covered Call ETF Common Units (CA... | -0.08 | 0.05 | 0.05 | 75 | Energy Equities, Derivative Income | TSLY.TO vs NXF.TO | |
| Global X Enhanced Canadian Oil and Gas Equity Cove... | -0.08 | — | — | 88 | Oil & Gas, Derivative Income | TSLY.TO vs ENCL.TO | |
| Global X Canadian Oil and Gas Equity Covered Call ... | -0.07 | — | — | 89 | Derivative Income, Energy Equities | TSLY.TO vs ENCC.TO | |
| BMO Covered Call Utilities ETF | -0.05 | — | — | 65 | Utilities Equities, Derivative Income | TSLY.TO vs ZWU.TO | |
| Hamilton Utilities YIELD MAXIMIZER ETF | -0.02 | — | — | 64 | Derivative Income, Utilities Equities | TSLY.TO vs UMAX.TO |
See all 32 diversifiers for TSLY.TO
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