Looking to diversify beyond YAMZ.NEO? The ETFs below have the lowest correlation with YAMZ.NEO — 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 YAMZ.NEO.
Best Diversifiers for YAMZ.NEO
20 ETFs have low correlation with YAMZ.NEO (below 0.3), 7 of which are negatively correlated. The least correlated is Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC.TO) (Derivative Income) with a 1Y correlation of -0.20, down from 0.02 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Canadian Oil and Gas Equity Covered Call ... | -0.20 | 0.02 | — | 89 | Derivative Income, Energy Equities | YAMZ.NEO vs ENCC.TO | |
| Global X Enhanced Canadian Oil and Gas Equity Cove... | -0.19 | 0.01 | 0.01 | 88 | Oil & Gas, Derivative Income | YAMZ.NEO vs ENCL.TO | |
| BMO Covered Call Utilities ETF | -0.18 | -0.03 | 0.02 | 65 | Utilities Equities, Derivative Income | YAMZ.NEO vs ZWU.TO | |
| Hamilton Utilities YIELD MAXIMIZER ETF | -0.16 | 0.05 | — | 64 | Derivative Income, Utilities Equities | YAMZ.NEO vs UMAX.TO | |
| CI Energy Giants Covered Call ETF Common Units (CA... | -0.16 | 0.01 | — | 75 | Energy Equities, Derivative Income | YAMZ.NEO vs NXF.TO |
See all 28 diversifiers for YAMZ.NEO
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements YAMZ.NEO
Add YAMZ.NEO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with YAMZ.NEO