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 iShares S&P/TSX Composite High Dividend Index ETF (XEI.TO) (Canada Equities) with a 1Y correlation of 0.03, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P/TSX Composite High Dividend Index ETF | 0.03 | 0.24 | 0.14 | 98 | Canada Equities | XCB.TO vs XEI.TO | |
| Global X High Interest Savings ETF | 0.05 | 0.09 | — | 100 | Money Market | XCB.TO vs CASH.TO | |
| BMO Money Market Fund ETF Series | 0.08 | 0.05 | 0.03 | 100 | Money Market | XCB.TO vs ZMMK.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... | 0.14 | 0.23 | 0.12 | 98 | Dividend | XCB.TO vs VDY.TO |
See all 25 diversifiers for XCB.TO
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