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Broadcom (AVGO) Yield Shares Purpose ETF (YAVG.NEO) Diversifiers

ETF · Currency in CAD · Last updated Jun 4, 2026

The Broadcom (AVGO) Yield Shares Purpose ETF (YAVG) seeks to provide unitholders with monthly distributions and long-term capital appreciation by investing primarily in shares of Broadcom Inc. (AVGO) and writing covered call options on a portion of the position to generate enhanced income. The fund employs modest leverage of up to 25% to amplify exposure while maintaining its core single-stock equity position.

Looking to diversify beyond YAVG.NEO? The ETFs below have the lowest correlation with YAVG.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 YAVG.NEO.

Best Diversifiers for YAVG.NEO

24 ETFs have low correlation with YAVG.NEO (below 0.3), 9 of which are negatively correlated.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
ZWU.TO
BMO Covered Call Utilities ETF-0.23——
58
Utilities Equities, Derivative IncomeYAVG.NEO vs ZWU.TO
UMAX.TO
Hamilton Utilities YIELD MAXIMIZER ETF-0.21——
58
Derivative Income, Utilities EquitiesYAVG.NEO vs UMAX.TO
EMAX.TO
Hamilton Energy YIELD MAXIMIZER ETF-0.11——
70
Energy Equities, Derivative IncomeYAVG.NEO vs EMAX.TO
HUTE.TO
Harvest Equal Weight Global Utilities Enhanced Inc...-0.09——
58
Derivative Income, Utilities EquitiesYAVG.NEO vs HUTE.TO
NXF.TO
CI Energy Giants Covered Call ETF Common Units (CA...-0.07——
73
Energy Equities, Derivative IncomeYAVG.NEO vs NXF.TO
See all 34 diversifiers for YAVG.NEO

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