Looking to balance out your exposure to SXP.TO? The ETFs below have the lowest correlation with SXP.TO — they tend to move on their own, which can help reduce risk when SXP.TO drops. The stock ideas table highlights individual companies that behave independently from SXP.TO.
Best Diversifiers for SXP.TO
1 ETFs have low correlation with SXP.TO (below 0.3), 0 of which are negatively correlated. The least correlated is BMO Low Volatility Canadian Equity ETF (ZLB.TO) (Canada Equities) with a 1Y correlation of 0.02, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BMO Low Volatility Canadian Equity ETF | 0.02 | 0.20 | 0.24 | 54 | Canada Equities | SXP.TO vs ZLB.TO |
Diversification Analysis
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