Looking to diversify beyond XCB.TO? The ETFs below have the lowest correlation with XCB.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 XCB.TO.
Best Diversifiers for XCB.TO
9 ETFs have low correlation with XCB.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Global X High Interest Savings ETF (CASH.TO) (Money Market) with a 1Y correlation of 0.01, roughly unchanged from 0.09 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X High Interest Savings ETF | 0.01 | 0.09 | — | 99 | Money Market | XCB.TO vs CASH.TO | |
| BMO Money Market Fund ETF Series | 0.04 | 0.04 | — | 99 | Money Market | XCB.TO vs ZMMK.TO | |
| iShares S&P/TSX Composite High Dividend Index ETF | 0.06 | 0.25 | 0.14 | 97 | Canada Equities | XCB.TO vs XEI.TO | |
| BMO Laddered Preferred Share Index ETF | 0.12 | 0.10 | 0.06 | 97 | Preferred Stock/Convertible Bonds | XCB.TO vs ZPR.TO | |
| Vanguard FTSE Canadian High Dividend Yield Index E... | 0.15 | 0.24 | 0.12 | 98 | Dividend | XCB.TO vs VDY.TO |
See all 32 diversifiers for XCB.TO
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