Looking to diversify beyond UBIL-U.TO? The ETFs below have historically moved differently from UBIL-U.TO, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for UBIL-U.TO
18 ETFs have low correlation with UBIL-U.TO (below 0.3), 8 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Enhanced NASDAQ-100 Covered Call ETF | -0.09 | — | — | 54 | Nasdaq-100, Derivative Income | UBIL-U.TO vs QQCL.TO | |
| Global X Enhanced S&P 500 Covered Call ETF | -0.05 | -0.01 | — | 77 | Derivative Income, S&P 500 | UBIL-U.TO vs USCL.TO | |
| BMO Ultra Short-Term Bond ETF | -0.04 | 0.06 | — | 61 | Ultrashort Bond | UBIL-U.TO vs ZST.TO | |
| Global X NASDAQ-100 Covered Call ETF | -0.04 | -0.01 | — | 53 | Nasdaq-100, Derivative Income | UBIL-U.TO vs QQCC.TO | |
| PIMCO Global Short Maturity Fund (Canada) | -0.02 | 0.04 | — | 83 | Ultrashort Bond, Global Bonds, Investment Grade Bonds, Actively Managed | UBIL-U.TO vs PMNT.TO |
See all 19 diversifiers for UBIL-U.TO
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Diversification Analysis
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