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Wealthsimple Shariah World Equity Index ETF (WSHR.NEO) Diversifiers

ETF · Currency in CAD · Last updated Jun 5, 2026

Wealthsimple Shariah World Equity Index ETF seeks to track the performance of the Dow Jones Islamic Market Developed Markets Quality and Low Volatility Index by investing in low volatility, Shariah-compliant stocks across diversified sectors and market capitalizations in global developed markets.

Looking to diversify beyond WSHR.NEO? The ETFs below have the lowest correlation with WSHR.NEO — 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 WSHR.NEO.

Best Diversifiers for WSHR.NEO

2 ETFs have low correlation with WSHR.NEO (below 0.3), 0 of which are negatively correlated.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
MAAA.TO
Mackenzie AAA CLO ETF0.05——
82
CLOWSHR.NEO vs MAAA.TO
QDXH.TO
Mackenzie International Equity Index ETF (CAD-Hedg...0.250.230.21
67
International EquityWSHR.NEO vs QDXH.TO
BGIE.TO
Brompton Global Infrastructure ETF0.340.400.33
58
Global EquitiesWSHR.NEO vs BGIE.TO
CMGG.TO
CI Munro Global Growth Equity Fund0.370.360.34
68
Global EquitiesWSHR.NEO vs CMGG.TO
MEQT.TO
Mackenzie All-Equity Allocation ETF0.37——
89
Global EquitiesWSHR.NEO vs MEQT.TO
See all 24 diversifiers for WSHR.NEO

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Diversification Analysis

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