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

ETF · Currency in CAD · Last updated Jun 24, 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

2 ETFs have low correlation with ESGC.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 -0.04, down from 0.27 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
XEG.TO
iShares S&P/TSX Capped Energy Index ETF-0.040.180.27
62
Energy Equities, Canada EquitiesESGC.TO vs XEG.TO
PXS.TO
Invesco RAFI U.S. Index ETF II CAD0.290.350.38
95
Large Cap Value EquitiesESGC.TO vs PXS.TO
HXH.TO
Global X Canadian High Dividend Index Corporate Cl...0.330.460.46
98
Canada EquitiesESGC.TO vs HXH.TO
PZW.TO
Invesco FTSE RAFI Global Small-Mid ETF0.330.380.41
85
Global EquitiesESGC.TO vs PZW.TO
INAI.TO
Invesco Morningstar Global Next Gen AI Index ETF0.34——
50
Technology EquitiesESGC.TO vs INAI.TO
See all 38 diversifiers for ESGC.TO

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Diversification Analysis

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