Looking to diversify beyond WXM.TO? The ETFs below have the lowest correlation with WXM.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 WXM.TO.
Best Diversifiers for WXM.TO
6 ETFs have low correlation with WXM.TO (below 0.3), 0 of which are negatively correlated. The least correlated is iShares S&P/TSX Capped Energy Index ETF (XEG.TO) (Energy Equities) with a 1Y correlation of 0.06, down from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P/TSX Capped Energy Index ETF | 0.06 | 0.28 | 0.47 | 89 | Energy Equities | WXM.TO vs XEG.TO | |
| Global X High Interest Savings ETF | 0.12 | 0.06 | — | 100 | Money Market | WXM.TO vs CASH.TO | |
| Accelerate Enhanced Canadian Benchmark Alternative... | 0.13 | 0.16 | 0.20 | 86 | WXM.TO vs ATSX.TO | ||
| Brompton Canadian Cash Flow Kings ETF | 0.24 | — | — | 97 | Large Cap Blend Equities | WXM.TO vs KNGC.TO | |
| Global X Canadian High Dividend Index Corporate Cl... | 0.25 | 0.43 | 0.52 | 98 | Canada Equities | WXM.TO vs HXH.TO |
See all 68 diversifiers for WXM.TO
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