Looking to diversify beyond SPXI.TO? The ETFs below have the lowest correlation with SPXI.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 SPXI.TO.
Best Diversifiers for SPXI.TO
10 ETFs have low correlation with SPXI.TO (below 0.3), 9 of which are negatively correlated. The least correlated is Global X S&P 500 Index Corporate Class ETF (HXS.TO) (S&P 500) with a 1Y correlation of -0.87, roughly unchanged from -0.87 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X S&P 500 Index Corporate Class ETF | -0.87 | -0.85 | -0.87 | 76 | S&P 500 | SPXI.TO vs HXS.TO | |
| Global X Enhanced S&P 500 Covered Call ETF | -0.79 | — | — | 84 | Derivative Income, S&P 500 | SPXI.TO vs USCL.TO | |
| Global X NASDAQ-100 Covered Call ETF | -0.78 | -0.75 | -0.63 | 84 | Nasdaq-100, Derivative Income | SPXI.TO vs QQCC.TO | |
| Global X Enhanced NASDAQ-100 Covered Call ETF | -0.77 | — | — | 85 | Nasdaq-100, Derivative Income | SPXI.TO vs QQCL.TO | |
| Global X Artificial Intelligence Semiconductor Ind... | -0.69 | -0.73 | -0.75 | 94 | Semiconductors, Technology Equities | SPXI.TO vs CHPS.TO |
See all 10 diversifiers for SPXI.TO
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