Looking to diversify beyond UMAX.TO? The ETFs below have historically moved differently from UMAX.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 UMAX.TO
60 ETFs have low correlation with UMAX.TO (below 0.3), 23 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hamilton EnhancedTechnology DayMAX™ ETF | -0.27 | — | — | 62 | Derivative Income | UMAX.TO vs QDAY.NEO | |
| Evolve NASDAQ Technology Enhanced Yield Index Fund | -0.26 | — | — | 59 | Nasdaq-100, Derivative Income | UMAX.TO vs QQQY.TO | |
| CI Tech Giants Covered Call Common | -0.25 | 0.05 | — | 64 | Technology Equities, Derivative Income | UMAX.TO vs TXF.TO | |
| Broadcom (AVGO) Yield Shares Purpose ETF | -0.22 | — | — | 60 | Derivative Income, Semiconductors, Options Trading, Actively Managed | UMAX.TO vs YAVG.NEO | |
| Global X Enhanced NASDAQ-100 Covered Call ETF | -0.21 | — | — | 68 | Nasdaq-100, Derivative Income | UMAX.TO vs QQCL.TO |
See all 79 diversifiers for UMAX.TO
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