Looking to diversify beyond DXU.TO? The ETFs below have the lowest correlation with DXU.TO — 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 DXU.TO.
Best Diversifiers for DXU.TO
4 ETFs have low correlation with DXU.TO (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF ... | 0.17 | — | — | 83 | Dividend | DXU.TO vs CWIN.TO | |
| iShares Core MSCI Canadian Quality Dividend Index ... | 0.22 | 0.25 | 0.32 | 98 | Dividend, Large Cap Value Equities | DXU.TO vs XDIV.TO | |
| Fidelity Canadian High Dividend Index ETF | 0.28 | 0.26 | 0.32 | 94 | Dividend | DXU.TO vs FCCD.TO | |
| Vanguard FTSE Canadian High Dividend Yield Index E... | 0.29 | 0.28 | 0.33 | 98 | Dividend | DXU.TO vs VDY.TO | |
| Dynamic Active Mining Opportunities ETF | 0.32 | — | — | 52 | Materials | DXU.TO vs DXMO.TO |
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