Looking to diversify beyond YGOG.NEO? The ETFs below have historically moved differently from YGOG.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 YGOG.NEO
25 ETFs have low correlation with YGOG.NEO (below 0.3), 10 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... | -0.19 | — | — | 67 | Utilities Equities, Derivative Income, Leveraged Equities | YGOG.NEO vs UTES.TO | |
| BMO Covered Call Utilities ETF | -0.19 | -0.07 | — | 67 | Utilities Equities, Derivative Income | YGOG.NEO vs ZWU.TO | |
| Global X Canadian Oil and Gas Equity Covered Call ... | -0.17 | 0.00 | — | 93 | Derivative Income, Energy Equities | YGOG.NEO vs ENCC.TO | |
| CI Energy Giants Covered Call ETF Common Units (CA... | -0.17 | -0.01 | — | 70 | Energy Equities, Derivative Income, Options Trading, Actively Managed | YGOG.NEO vs NXF.TO | |
| Global X Enhanced Canadian Oil and Gas Equity Cove... | -0.16 | — | — | 92 | Energy Equities, Derivative Income | YGOG.NEO vs ENCL.TO |
See all 53 diversifiers for YGOG.NEO
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