Looking to diversify beyond UMAX.TO? The ETFs below have the lowest correlation with UMAX.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 UMAX.TO.
Best Diversifiers for UMAX.TO
38 ETFs have low correlation with UMAX.TO (below 0.3), 13 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Broadcom (AVGO) Yield Shares Purpose ETF | -0.21 | — | — | 84 | Derivative Income, Semiconductors | UMAX.TO vs YAVG.NEO | |
| Hamilton Technology YIELD MAXIMIZER ETF | -0.18 | — | — | 52 | Technology Equities, Derivative Income | UMAX.TO vs QMAX.TO | |
| CI Tech Giants Covered Call Common | -0.16 | — | — | 85 | Technology Equities, Derivative Income | UMAX.TO vs TXF.TO | |
| Evolve NASDAQ Technology Enhanced Yield Index Fund | -0.15 | 0.06 | 0.06 | 77 | Nasdaq-100, Derivative Income | UMAX.TO vs QQQY.TO | |
| NVIDIA (NVDA) Yield Shares Purpose ETF | -0.15 | — | — | 62 | Derivative Income | UMAX.TO vs YNVD.NEO |
See all 54 diversifiers for UMAX.TO
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