Looking to diversify beyond TUHY.TO? The ETFs below have the lowest correlation with TUHY.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 TUHY.TO.
Best Diversifiers for TUHY.TO
4 ETFs have low correlation with TUHY.TO (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Convertible Bond Index ETF (CVD.TO) (High Yield Bonds) with a 1Y correlation of 0.02, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Convertible Bond Index ETF | 0.02 | 0.13 | 0.08 | 50 | High Yield Bonds | TUHY.TO vs CVD.TO | |
| TD Cash Management ETF | 0.08 | — | — | 99 | Ultrashort Bond | TUHY.TO vs TCSH.TO | |
| BMO High Yield US Corporate Bond Index ETF | 0.29 | 0.21 | 0.16 | 52 | High Yield Bonds | TUHY.TO vs ZJK.TO | |
| Dynamic Active Crossover Bond ETF | 0.29 | 0.23 | 0.18 | 68 | Corporate Bonds, High Yield Bonds | TUHY.TO vs DXO.TO | |
| TD Canadian Bank Dividend Index ETF | 0.32 | 0.27 | — | 98 | Dividend | TUHY.TO vs TBNK.TO |
See all 12 diversifiers for TUHY.TO
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