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TD Active U.S. Enhanced Dividend CAD Hedged ETF (TUEX.TO) Diversifiers

ETF · Currency in CAD · Last updated Jun 4, 2026

TD Active U.S. Enhanced Dividend CAD Hedged ETF (TUEX) is an actively managed ETF from TD Asset Management that invests primarily in dividend-paying U.S. equities across the market-cap spectrum, with the goal of generating income and moderate capital growth. The fund gains its U.S. equity exposure by holding units of the underlying TD Active U.S. Enhanced Dividend ETF and uses currency derivatives to hedge substantially all foreign currency exposure back to the Canadian dollar. It pays monthly distributions and trades on the Toronto Stock Exchange.

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

Best Diversifiers for TUEX.TO

4 ETFs have low correlation with TUEX.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Brompton Canadian Cash Flow Kings ETF (KNGC.TO) (Large Cap Blend Equities) with a 1Y correlation of 0.07, roughly unchanged from 0.14 over 3 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
KNGC.TO
Brompton Canadian Cash Flow Kings ETF0.070.14—
97
Large Cap Blend EquitiesTUEX.TO vs KNGC.TO
CWIN.TO
HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF ...0.20——
83
DividendTUEX.TO vs CWIN.TO
XDIV.TO
iShares Core MSCI Canadian Quality Dividend Index ...0.220.200.20
98
Dividend, Large Cap Value EquitiesTUEX.TO vs XDIV.TO
FCCD.TO
Fidelity Canadian High Dividend Index ETF0.280.24—
94
DividendTUEX.TO vs FCCD.TO
VDY.TO
Vanguard FTSE Canadian High Dividend Yield Index E...0.310.25—
98
DividendTUEX.TO vs VDY.TO
See all 24 diversifiers for TUEX.TO

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Diversification Analysis

Build a portfolio that complements TUEX.TO

Add TUEX.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with TUEX.TO