Looking to diversify beyond YNVD.NEO? The ETFs below have the lowest correlation with YNVD.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 YNVD.NEO.
Best Diversifiers for YNVD.NEO
24 ETFs have low correlation with YNVD.NEO (below 0.3), 10 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BMO Covered Call Utilities ETF | -0.21 | — | — | 84 | Utilities Equities, Derivative Income | YNVD.NEO vs ZWU.TO | |
| Hamilton Utilities YIELD MAXIMIZER ETF | -0.15 | — | — | 84 | Derivative Income, Utilities Equities | YNVD.NEO vs UMAX.TO | |
| Hamilton Energy YIELD MAXIMIZER ETF | -0.12 | 0.03 | — | 57 | Energy Equities, Derivative Income | YNVD.NEO vs EMAX.TO | |
| Purpose High Interest Savings Fund | -0.11 | — | — | 99 | Money Market | YNVD.NEO vs PSA.TO | |
| Purpose Cash Management Fund | -0.08 | — | — | 100 | Money Market | YNVD.NEO vs MNY.TO |
See all 31 diversifiers for YNVD.NEO
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