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Global X S&P/TSX 60 Corporate Class ETF (HXT.TO) Diversifiers

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

HXT aims to replicate the performance of the S&P/TSX 60™ Index (Total Return), providing investors with exposure to 60 large-cap Canadian companies across various sectors, net of expenses.

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

Best Diversifiers for HXT.TO

22 ETFs have low correlation with HXT.TO (below 0.3), 4 of which are negatively correlated. The least correlated is Global X 0-3 Month U.S. T-Bill ETF USD (UBIL-U.TO) (Ultrashort Bond) with a 1Y correlation of -0.20, roughly unchanged from -0.29 over 3 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
UBIL-U.TO
Global X 0-3 Month U.S. T-Bill ETF USD-0.20-0.29—
99
Ultrashort BondHXT.TO vs UBIL-U.TO
HSUV-U.TO
Global X USD Cash Maximizer Corporate Class ETF-0.06-0.01-0.01
95
Money MarketHXT.TO vs HSUV-U.TO
CBIL.TO
Global X 0-3 Month T-Bill ETF-0.040.01—
99
Canadian Government BondsHXT.TO vs CBIL.TO
HXE.TO
Global X S&P/TSX Capped Energy Index Corporate Cla...-0.040.280.41
86
Energy EquitiesHXT.TO vs HXE.TO
CASH.TO
Global X High Interest Savings ETF0.040.04—
100
Money MarketHXT.TO vs CASH.TO
See all 109 diversifiers for HXT.TO

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from HXT.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HXT.TO and solid risk/return profiles. The least correlated is Sprott Physical Gold Trust (PHYS.TO) (Financial Services) with a 1Y correlation of 0.36, up from 0.10 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
PHYS.TO
Sprott Physical Gold Trust0.360.230.10
73
Financial Services
AGF-B.TO
AGF Management Ltd0.430.440.47
76
Financial Services

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Diversification Analysis

Build a portfolio that complements HXT.TO

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

Analyze a portfolio with HXT.TO