Looking to diversify beyond XAD.TO? The ETFs below have the lowest correlation with XAD.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 XAD.TO.
Best Diversifiers for XAD.TO
3 ETFs have low correlation with XAD.TO (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P/TSX Capped Utilities Index ETF | 0.12 | — | — | 84 | Utilities Equities | XAD.TO vs XUT.TO | |
| iShares S&P/TSX Composite High Dividend Index ETF | 0.19 | — | — | 98 | Canada Equities | XAD.TO vs XEI.TO | |
| iShares Core MSCI Canadian Quality Dividend Index ... | 0.29 | — | — | 98 | Dividend, Large Cap Value Equities | XAD.TO vs XDIV.TO | |
| Vanguard FTSE Canadian High Dividend Yield Index E... | 0.32 | — | — | 98 | Dividend | XAD.TO vs VDY.TO | |
| iShares S&P/TSX Global Base Metals Index ETF | 0.32 | — | — | 85 | Energy Equities | XAD.TO vs XBM.TO |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from XAD.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to XAD.TO and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Canadian Natural Resources Limited | -0.03 | — | — | 86 | Energy | |
| Canadian National Railway Company | 0.19 | — | — | 63 | Industrials | |
| Calian Group Ltd. | 0.21 | — | — | 95 | Industrials | |
| Cameco Corporation | 0.45 | — | — | 84 | Energy |
Build a portfolio that complements XAD.TO
Add XAD.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with XAD.TO