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Global X Enhanced S&P 500 Index ETF (USSL.TO) Diversifiers

ETF · Currency in CAD · Last updated Jun 24, 2026

The Global X Enhanced S&P 500 Index ETF seeks to replicate, to the extent reasonably possible and net of expenses, 1.25 times (125%) the performance of the S&P 500 Index, using leverage through cash borrowings or other permitted means.

Looking to diversify beyond USSL.TO? The ETFs below have the lowest correlation with USSL.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 USSL.TO.

Best Diversifiers for USSL.TO

5 ETFs have low correlation with USSL.TO (below 0.3), 0 of which are negatively correlated.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
CASH.TO
Global X High Interest Savings ETF0.04——
99
Money MarketUSSL.TO vs CASH.TO
HSAV.TO
Global X Cash Maximizer Corporate Class ETF0.060.080.08
61
Money MarketUSSL.TO vs HSAV.TO
CBIL.TO
Global X 0-3 Month T-Bill ETF0.090.080.08
99
Canadian Government BondsUSSL.TO vs CBIL.TO
HBNK.TO
Global X Equal Weight Banks Index ETF0.23——
97
Financials Equities, Equal WeightUSSL.TO vs HBNK.TO
HCAL.TO
Hamilton Enhanced Canadian Bank ETF0.240.310.31
98
Financials Equities, Canada Equities, Leveraged EquitiesUSSL.TO vs HCAL.TO
See all 30 diversifiers for USSL.TO

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Diversification Analysis

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