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

ETF · Currency in CAD · Last updated Aug 1, 2026
Documentation

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 historically moved differently from ESGC.TO, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.

Best Diversifiers for ESGC.TO

4 ETFs have low correlation with ESGC.TO (below 0.3), 2 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 -0.06, down from 0.26 over 5 years.

How candidates are selected
SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
XEG.TO
iShares S&P/TSX Capped Energy Index ETF-0.060.170.26
89
Energy Equities, Canada EquitiesESGC.TO vs XEG.TO
PFL.TO
Invesco Canadian Government Floating Rate Index ET...-0.050.010.02
98
Canadian Government BondsESGC.TO vs PFL.TO
PXS.TO
Invesco RAFI U.S. Index ETF II CAD0.270.340.38
95
Large Cap Value EquitiesESGC.TO vs PXS.TO
HXH.TO
Global X Canadian High Dividend Index Corporate Cl...0.290.450.46
98
Canada EquitiesESGC.TO vs HXH.TO
PZW.TO
Invesco FTSE RAFI Global Small-Mid ETF0.340.380.41
80
Foreign Small & Mid Cap EquitiesESGC.TO vs PZW.TO
See all 41 diversifiers for ESGC.TO

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Diversification Analysis

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