Looking to diversify beyond YAVG.NEO? The ETFs below have historically moved differently from YAVG.NEO, 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 YAVG.NEO
44 ETFs have low correlation with YAVG.NEO (below 0.3), 12 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... | -0.24 | — | — | 52 | Utilities Equities, Derivative Income, Leveraged Equities | YAVG.NEO vs UTES.TO | |
| Hamilton Utilities YIELD MAXIMIZER ETF | -0.22 | — | — | 69 | Derivative Income, Utilities Equities | YAVG.NEO vs UMAX.TO | |
| BMO Covered Call Utilities ETF | -0.21 | -0.18 | -0.18 | 53 | Utilities Equities, Derivative Income | YAVG.NEO vs ZWU.TO | |
| CI Health Care Giants Covered Call ETF | -0.14 | — | — | 57 | Derivative Income, Health & Biotech Equities, Options Trading, Actively Managed | YAVG.NEO vs FHI.TO | |
| Hamilton Enhanced U.S. Equity DayMAX™ ETF | -0.09 | — | — | 77 | Derivative Income | YAVG.NEO vs SDAY.NEO |
See all 59 diversifiers for YAVG.NEO
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