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

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

The Global X S&P/TSX Capped Financials Index Corporate Class ETF seeks to replicate the performance of the S&P/TSX Capped Financials Index (Total Return), net of expenses, by investing in Canadian financial sector equity securities included in the S&P/TSX Composite Index, with capped weightings for individual securities.

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

Best Diversifiers for HXF.TO

13 ETFs have low correlation with HXF.TO (below 0.3), 1 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 -0.04 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
CBIL.TO
Global X 0-3 Month T-Bill ETF-0.02-0.03-0.04
99
Canadian Government BondsHXF.TO vs CBIL.TO
CASH.TO
Global X High Interest Savings ETF0.02-0.01—
100
Money MarketHXF.TO vs CASH.TO
HSAV.TO
Global X Cash Maximizer Corporate Class ETF0.050.020.03
66
Bank LoanHXF.TO vs HSAV.TO
CHPS.TO
Global X Artificial Intelligence Semiconductor Ind...0.160.15—
94
Semiconductors, Technology EquitiesHXF.TO vs CHPS.TO
XDIV.TO
iShares Core MSCI Canadian Quality Dividend Index ...0.190.350.45
98
Dividend, Large Cap Value EquitiesHXF.TO vs XDIV.TO
See all 26 diversifiers for HXF.TO

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Diversification Analysis

Build a portfolio that complements HXF.TO

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

Analyze a portfolio with HXF.TO