Looking to diversify beyond TSTX-U.TO? The ETFs below have the lowest correlation with TSTX-U.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 TSTX-U.TO.
Best Diversifiers for TSTX-U.TO
4 ETFs have low correlation with TSTX-U.TO (below 0.3), 1 of which are negatively correlated. The least correlated is Global X Enhanced NASDAQ-100 Covered Call ETF (QQCL.TO) (Nasdaq-100) with a 1Y correlation of -0.04, roughly unchanged from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Enhanced NASDAQ-100 Covered Call ETF | -0.04 | -0.04 | -0.04 | 82 | Nasdaq-100, Derivative Income | TSTX-U.TO vs QQCL.TO | |
| Global X Enhanced S&P 500 Covered Call ETF | 0.02 | — | — | 80 | Derivative Income, S&P 500 | TSTX-U.TO vs USCL.TO | |
| Global X S&P 500 Index Corporate Class ETF | 0.06 | 0.06 | 0.06 | 75 | S&P 500 | TSTX-U.TO vs HXS.TO | |
| Global X S&P/TSX 60 Corporate Class ETF | 0.10 | 0.10 | 0.10 | 87 | Canada Equities | TSTX-U.TO vs HXT.TO | |
| Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg... | 0.43 | 0.43 | 0.43 | 51 | Derivative Income, Short-Term Bond | TSTX-U.TO vs HBIL.TO |
See all 6 diversifiers for TSTX-U.TO
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Diversification Analysis
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