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Invesco S&P/TSX Composite ESG Index ETF (ESGC.TO) Diversifiers

ETF · Currency in CAD · Last updated Jun 4, 2026

The Invesco S&P/TSX Composite ESG Index ETF (ESGC) seeks to replicate, before fees and expenses, the performance of the S&P/TSX Composite ESG Index. The index measures the performance of Canadian equity securities meeting specific environmental, social, and governance (ESG) criteria while maintaining broad-based exposure similar to the flagship S&P/TSX Composite Index. The fund offers cost-effective access to a diversified portfolio of large- and mid-cap Canadian companies with stronger ESG profiles.

Looking to diversify beyond ESGC.TO? The ETFs below have the lowest correlation with ESGC.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 ESGC.TO.

Best Diversifiers for ESGC.TO

0 ETFs have low correlation with ESGC.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Global X Canadian High Dividend Index Corporate Class ETF (HXH.TO) (Canada Equities) with a 1Y correlation of 0.33, down from 0.47 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
HXH.TO
Global X Canadian High Dividend Index Corporate Cl...0.330.470.47
98
Canada EquitiesESGC.TO vs HXH.TO
INAI.TO
Invesco Morningstar Global Next Gen AI Index ETF0.34——
77
Technology EquitiesESGC.TO vs INAI.TO
QQCI.TO
Invesco NASDAQ 100 Income Advantage ETF0.35——
82
Nasdaq-100ESGC.TO vs QQCI.TO
XEI.TO
iShares S&P/TSX Composite High Dividend Index ETF0.350.530.55
98
Canada EquitiesESGC.TO vs XEI.TO
QQCE.TO
Invesco ESG NASDAQ 100 Index ETF0.360.30—
76
Nasdaq-100ESGC.TO vs QQCE.TO
See all 28 diversifiers for ESGC.TO

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Diversification Analysis

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