Looking to diversify beyond XAGG.TO? The ETFs below have the lowest correlation with XAGG.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 XAGG.TO.
Best Diversifiers for XAGG.TO
13 ETFs have low correlation with XAGG.TO (below 0.3), 4 of which are negatively correlated. The least correlated is iShares S&P GSCI Commodity-Indexed Trust (GSG) (Commodities) with a 1Y correlation of -0.25, roughly unchanged from -0.17 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P GSCI Commodity-Indexed Trust | -0.25 | -0.17 | — | 57 | Commodities | XAGG.TO vs GSG | |
| iShares JP Morgan USD Emerging Markets Bond (AUD H... | -0.10 | -0.04 | — | 60 | Total Bond Market | XAGG.TO vs IHEB.AX | |
| BetaShares Australian Bank Senior Floating Rate Bo... | -0.09 | -0.10 | — | 96 | Total Bond Market | XAGG.TO vs QPON.AX | |
| iShares Semiconductor ETF | -0.03 | -0.03 | — | 89 | Semiconductors, Technology Equities | XAGG.TO vs SOXX | |
| iShares Core MSCI Canadian Quality Dividend Index ... | 0.01 | 0.03 | — | 98 | Dividend, Large Cap Value Equities | XAGG.TO vs XDIV.TO |
See all 13 diversifiers for XAGG.TO
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