Looking to diversify beyond XCD.TO? The ETFs below have the lowest correlation with XCD.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 XCD.TO.
Best Diversifiers for XCD.TO
2 ETFs have low correlation with XCD.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 0.14, down from 0.38 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 | 0.14 | 0.30 | 0.38 | 98 | Canada Equities | XCD.TO vs XEI.TO | |
| iShares Core MSCI Canadian Quality Dividend Index ... | 0.24 | 0.33 | 0.39 | 98 | Dividend, Large Cap Value Equities | XCD.TO vs XDIV.TO | |
| BMO Low Volatility Canadian Equity ETF | 0.31 | 0.33 | 0.38 | 62 | Canada Equities | XCD.TO vs ZLB.TO | |
| iShares Core S&P/TSX Capped Composite Index ETF | 0.47 | 0.47 | 0.52 | 85 | Canada Equities | XCD.TO vs XIC.TO | |
| iShares S&P/TSX 60 Index ETF | 0.48 | 0.48 | 0.52 | 87 | Canada Equities | XCD.TO vs XIU.TO |
See all 12 diversifiers for XCD.TO
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