PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

Global X S&P/TSX Capped Composite Index Corporate Class ETF (HXCN.TO) Diversifiers

ETF · Currency in CAD · Last updated Jul 1, 2026

HXCN seeks to replicate the performance of the S&P/TSX Capped Composite Index (Total Return), providing diversified, cost-effective exposure to the broad large-cap Canadian equity market with a maximum 10% weight on any constituent issuer.

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

Best Diversifiers for HXCN.TO

5 ETFs have low correlation with HXCN.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Global X 0-3 Month T-Bill ETF (CBIL.TO) (Canadian Government Bonds) with a 1Y correlation of 0.02, roughly unchanged from 0.03 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
CBIL.TO
Global X 0-3 Month T-Bill ETF0.020.040.03
99
Canadian Government BondsHXCN.TO vs CBIL.TO
CASH.TO
Global X High Interest Savings ETF0.020.040.03
99
Money MarketHXCN.TO vs CASH.TO
XEG.TO
iShares S&P/TSX Capped Energy Index ETF0.020.320.45
64
Energy Equities, Canada EquitiesHXCN.TO vs XEG.TO
HSAV.TO
Global X Cash Maximizer Corporate Class ETF0.080.060.03
69
Money MarketHXCN.TO vs HSAV.TO
INOC.TO
Global X Inovestor Canadian Equity Index ETF0.100.370.44
68
Canada EquitiesHXCN.TO vs INOC.TO
See all 63 diversifiers for HXCN.TO

To view more results, upgrade your current subscription plan.

Diversification Analysis

Build a portfolio that complements HXCN.TO

Add HXCN.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with HXCN.TO