Looking to diversify beyond VOLX.TO? The ETFs below have the lowest correlation with VOLX.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 VOLX.TO.
Best Diversifiers for VOLX.TO
12 ETFs have low correlation with VOLX.TO (below 0.3), 11 of which are negatively correlated. The least correlated is Global X S&P 500 Index Corporate Class ETF (HXS.TO) (S&P 500) with a 1Y correlation of -0.69, roughly unchanged from -0.67 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X S&P 500 Index Corporate Class ETF | -0.69 | -0.70 | -0.67 | 76 | S&P 500 | VOLX.TO vs HXS.TO | |
| Horizons All-Equity Asset Allocation ETF | -0.68 | -0.70 | -0.71 | 86 | Global Equities | VOLX.TO vs HEQT.TO | |
| Global X Enhanced S&P 500 Covered Call ETF | -0.68 | -0.66 | — | 85 | Derivative Income, S&P 500 | VOLX.TO vs USCL.TO | |
| Global X Enhanced NASDAQ-100 Covered Call ETF | -0.65 | — | — | 77 | Nasdaq-100, Derivative Income | VOLX.TO vs QQCL.TO | |
| Horizons NASDAQ-100 Index ETF | -0.64 | -0.65 | -0.62 | 67 | Nasdaq-100 | VOLX.TO vs HXQ.TO |
See all 12 diversifiers for VOLX.TO
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