Looking to diversify beyond XCBG.TO? The ETFs below have the lowest correlation with XCBG.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 XCBG.TO.
Best Diversifiers for XCBG.TO
8 ETFs have low correlation with XCBG.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 0.02, roughly unchanged from 0.12 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P/TSX Composite High Dividend Index ETF | 0.02 | 0.12 | — | 98 | Canada Equities | XCBG.TO vs XEI.TO | |
| BMO Money Market Fund ETF Series | 0.05 | -0.01 | — | 100 | Money Market | XCBG.TO vs ZMMK.TO | |
| iShares Core MSCI Canadian Quality Dividend Index ... | 0.15 | 0.12 | 0.10 | 98 | Dividend, Large Cap Value Equities | XCBG.TO vs XDIV.TO | |
| iShares Core S&P 500 Index ETF | 0.26 | 0.15 | 0.11 | 73 | S&P 500 | XCBG.TO vs XUS.TO | |
| iShares NASDAQ 100 Index ETF (CAD-Hedged) | 0.28 | 0.14 | 0.11 | 66 | Nasdaq-100 | XCBG.TO vs XQQ.TO |
See all 14 diversifiers for XCBG.TO
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