Looking to diversify beyond USSL.TO? The ETFs below have historically moved differently from USSL.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 USSL.TO
7 ETFs have low correlation with USSL.TO (below 0.3), 2 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Evolve Canadian Utilities Enhanced Yield Index Fun... | -0.12 | — | — | 67 | Utilities Equities, Derivative Income, Leveraged Equities | USSL.TO vs UTES.TO | |
| BetaPro S&P/TSX Capped Energy 2x Daily Bull ETF | -0.08 | — | — | 89 | Leveraged Equities | USSL.TO vs NRGU.TO | |
| Global X High Interest Savings ETF | 0.01 | — | — | 100 | Money Market | USSL.TO vs CASH.TO | |
| Global X Cash Maximizer Corporate Class ETF | 0.08 | — | — | 65 | Money Market | USSL.TO vs HSAV.TO | |
| Global X 0-3 Month T-Bill ETF | 0.10 | — | — | 99 | Canadian Government Bonds | USSL.TO vs CBIL.TO |
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