Looking to diversify beyond UMVP.TO? The ETFs below have the lowest correlation with UMVP.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 UMVP.TO.
Best Diversifiers for UMVP.TO
2 ETFs have low correlation with UMVP.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Hamilton Enhanced Mixed Asset ETF (MIX.TO) (Diversified Portfolio) with a 1Y correlation of 0.08, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hamilton Enhanced Mixed Asset ETF | 0.08 | 0.08 | 0.08 | 50 | Diversified Portfolio | UMVP.TO vs MIX.TO | |
| HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF ... | 0.18 | 0.18 | 0.18 | 94 | Dividend | UMVP.TO vs CWIN.TO | |
| Hamilton Utilities YIELD MAXIMIZER ETF | 0.75 | 0.75 | 0.75 | 84 | Derivative Income, Utilities Equities | UMVP.TO vs UMAX.TO |
Diversification Analysis
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