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
26 ETFs have low correlation with YNVD.NEO (below 0.3), 11 of which are negatively correlated. The least correlated is BMO Covered Call Utilities ETF (ZWU.TO) (Utilities Equities) with a 1Y correlation of -0.16, roughly unchanged from -0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BMO Covered Call Utilities ETF | -0.16 | -0.10 | -0.10 | 65 | Utilities Equities, Derivative Income | YNVD.NEO vs ZWU.TO | |
| Hamilton Utilities YIELD MAXIMIZER ETF | -0.13 | — | — | 64 | Derivative Income, Utilities Equities | YNVD.NEO vs UMAX.TO | |
| Purpose Cash Management Fund | -0.12 | — | — | 100 | Money Market | YNVD.NEO vs MNY.TO | |
| CI Energy Giants Covered Call ETF Common Units (CA... | -0.10 | — | — | 75 | Energy Equities, Derivative Income | YNVD.NEO vs NXF.TO | |
| Hamilton Energy YIELD MAXIMIZER ETF | -0.08 | 0.04 | 0.04 | 76 | Energy Equities, Derivative Income | YNVD.NEO vs EMAX.TO |
See all 31 diversifiers for YNVD.NEO
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