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Global X Intl Developed Markets Equity Index Corporate Class ETF (HXDM.TO) Diversifiers

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

HXDM aims to replicate the performance of the Global X EAFE Futures Roll Index (Total Return), which measures large and mid-cap securities across 21 developed markets in Europe, Australasia, and the Far East, excluding the U.S. and Canada.

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

Best Diversifiers for HXDM.TO

4 ETFs have low correlation with HXDM.TO (below 0.3), 2 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 -0.10, roughly unchanged from -0.00 over 3 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
CBIL.TO
Global X 0-3 Month T-Bill ETF-0.10-0.00—
99
Canadian Government BondsHXDM.TO vs CBIL.TO
CASH.TO
Global X High Interest Savings ETF-0.010.02—
100
Money MarketHXDM.TO vs CASH.TO
HSAV.TO
Global X Cash Maximizer Corporate Class ETF0.110.070.06
66
Bank LoanHXDM.TO vs HSAV.TO
HLPR.TO
Global X Laddered Canadian Preferred Share Index C...0.140.180.23
97
Preferred Stock/Convertible BondsHXDM.TO vs HLPR.TO
QDXH.TO
Mackenzie International Equity Index ETF (CAD-Hedg...0.370.360.31
67
International EquityHXDM.TO vs QDXH.TO
See all 28 diversifiers for HXDM.TO

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Diversification Analysis

Build a portfolio that complements HXDM.TO

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