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Global X Emerging Markets Equity Index Corporate Class ETF (HXEM.TO) Diversifiers

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

The Global X Emerging Markets Equity Index Corporate Class ETF seeks to replicate the performance of the Global X Emerging Markets Futures Roll Index (Total Return), providing exposure to large and mid-cap securities across 26 emerging market countries.

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

Best Diversifiers for HXEM.TO

3 ETFs have low correlation with HXEM.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 -0.01 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
CBIL.TO
Global X 0-3 Month T-Bill ETF-0.10-0.01-0.01
99
Canadian Government BondsHXEM.TO vs CBIL.TO
CASH.TO
Global X High Interest Savings ETF-0.05-0.02—
100
Money MarketHXEM.TO vs CASH.TO
HSAV.TO
Global X Cash Maximizer Corporate Class ETF0.030.030.02
66
Bank LoanHXEM.TO vs HSAV.TO
HBNK.TO
Global X Equal Weight Banks Index ETF0.390.390.39
96
Financials EquitiesHXEM.TO vs HBNK.TO
HXT.TO
Global X S&P/TSX 60 Corporate Class ETF0.500.520.50
81
Canada EquitiesHXEM.TO vs HXT.TO
See all 18 diversifiers for HXEM.TO

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Diversification Analysis

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