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Microsoft CDR (CAD Hedged) (MSFT.TO) Diversifiers

Equity · Currency in CAD · Last updated Jul 18, 2026

Microsoft Corporation develops and supports software, services, devices, and solutions worldwide, including productivity and business applications like Microsoft 365 and Dynamics 365, cloud services such as Azure, and personal computing products like Windows, Surface devices, and Xbox gaming. The company also provides enterprise services, search and news advertising, and sells its products through various channels including OEMs, distributors, digital marketplaces, and retail stores.

Looking to balance out your exposure to MSFT.TO? The ETFs below have the lowest correlation with MSFT.TO — they tend to move on their own, which can help reduce risk when MSFT.TO drops. The stock ideas table highlights individual companies that behave independently from MSFT.TO.

Best Diversifiers for MSFT.TO

6 ETFs have low correlation with MSFT.TO (below 0.3), 0 of which are negatively correlated.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
HBIL.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...0.03——
60
Derivative Income, Short-Term BondMSFT.TO vs HBIL.TO
XCHP.TO
iShares Semiconductor Index ETF0.06——
90
Semiconductors, Technology EquitiesMSFT.TO vs XCHP.TO
ZEB.TO
BMO Equal Weight Banks Index ETF0.130.210.29
98
Financials Equities, Equal WeightMSFT.TO vs ZEB.TO
CHPS.TO
Global X Artificial Intelligence Semiconductor Ind...0.180.430.49
80
Semiconductors, Technology EquitiesMSFT.TO vs CHPS.TO
XBAL.TO
iShares Core Balanced ETF Portfolio0.270.44—
62
Diversified PortfolioMSFT.TO vs XBAL.TO
See all 8 diversifiers for MSFT.TO

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from MSFT.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MSFT.TO and solid risk/return profiles. The least correlated is Loblaw Companies Limited (L.TO) (Consumer Defensive) with a 1Y correlation of -0.15, down from 0.09 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
L.TO
Loblaw Companies Limited-0.150.070.09
71
Consumer Defensive
ENB.TO
Enbridge Inc.-0.12-0.04—
92
Energy
ATD.TO
Alimentation Couche-Tard Inc.-0.010.120.15
74
Consumer Cyclical
MFC.TO
Manulife Financial Corporation0.100.23—
93
Financial Services
BBD-A.TO
Bombardier Inc0.160.25—
93
Industrials
See all 7 low-correlation stocks for MSFT.TO

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Diversification Analysis

Build a portfolio that complements MSFT.TO

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

Analyze a portfolio with MSFT.TO