Looking to diversify beyond ESGA.TO? The ETFs below have the lowest correlation with ESGA.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 ESGA.TO.
Best Diversifiers for ESGA.TO
4 ETFs have low correlation with ESGA.TO (below 0.3), 1 of which are negatively correlated. The least correlated is iShares S&P/TSX Capped Energy Index ETF (XEG.TO) (Energy Equities) with a 1Y correlation of -0.09, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P/TSX Capped Energy Index ETF | -0.09 | 0.16 | 0.26 | 85 | Energy Equities, Canada Equities | ESGA.TO vs XEG.TO | |
| BMO Money Market Fund ETF Series | 0.08 | 0.04 | — | 99 | Money Market | ESGA.TO vs ZMMK.TO | |
| Global X Canadian High Dividend Index Corporate Cl... | 0.25 | 0.45 | 0.47 | 98 | Canada Equities | ESGA.TO vs HXH.TO | |
| iShares S&P/TSX Composite High Dividend Index ETF | 0.29 | 0.55 | 0.57 | 98 | Canada Equities | ESGA.TO vs XEI.TO | |
| Fidelity Canadian Monthly High Income ETF | 0.33 | 0.24 | 0.19 | 96 | Canada Equities, Derivative Income | ESGA.TO vs FCMI.TO |
See all 31 diversifiers for ESGA.TO
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