Looking to diversify beyond YGOG.NEO? The ETFs below have the lowest correlation with YGOG.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 YGOG.NEO.
Best Diversifiers for YGOG.NEO
18 ETFs have low correlation with YGOG.NEO (below 0.3), 6 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Evolve Canadian Utilities Enhanced Yield Index Fun... | -0.20 | — | — | 86 | Derivative Income | YGOG.NEO vs UTES.TO | |
| BMO Covered Call Utilities ETF | -0.13 | -0.05 | — | 75 | Utilities Equities, Derivative Income | YGOG.NEO vs ZWU.TO | |
| Global X Canadian Oil and Gas Equity Covered Call ... | -0.12 | 0.02 | — | 77 | Derivative Income, Energy Equities | YGOG.NEO vs ENCC.TO | |
| Global X Enhanced Canadian Oil and Gas Equity Cove... | -0.11 | — | — | 76 | Energy Equities, Derivative Income | YGOG.NEO vs ENCL.TO | |
| Hamilton Energy YIELD MAXIMIZER ETF | -0.09 | 0.02 | 0.02 | 51 | Energy Equities, Derivative Income | YGOG.NEO vs EMAX.TO |
See all 46 diversifiers for YGOG.NEO
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Diversification Analysis
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