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iShares Canadian Growth Index ETF (XCG.TO) Diversifiers

ETF · Currency in CAD · Last updated Jun 5, 2026

XCG.TO is a passive ETF by iShares tracking the investment results of the Morningstar Canada GR CAD. XCG.TO launched on Nov 6, 2006 and has a 0.55% expense ratio.

Looking to diversify beyond XCG.TO? The ETFs below have the lowest correlation with XCG.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 XCG.TO.

Best Diversifiers for XCG.TO

3 ETFs have low correlation with XCG.TO (below 0.3), 1 of which are negatively correlated. The least correlated is iShares S&P/TSX Capped Energy Index ETF (XEG.TO) (Energy Equities) with a 1Y correlation of -0.09, down from 0.24 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
XEG.TO
iShares S&P/TSX Capped Energy Index ETF-0.090.150.24
89
Energy EquitiesXCG.TO vs XEG.TO
HXH.TO
Global X Canadian High Dividend Index Corporate Cl...0.190.380.42
98
Canada EquitiesXCG.TO vs HXH.TO
XEI.TO
iShares S&P/TSX Composite High Dividend Index ETF0.290.520.55
98
Canada EquitiesXCG.TO vs XEI.TO
TLV.TO
Invesco S&P/TSX Composite Low Volatility Index ETF0.330.530.54
94
Canada EquitiesXCG.TO vs TLV.TO
XDIV.TO
iShares Core MSCI Canadian Quality Dividend Index ...0.410.560.56
98
Dividend, Large Cap Value EquitiesXCG.TO vs XDIV.TO
See all 44 diversifiers for XCG.TO

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from XCG.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to XCG.TO and solid risk/return profiles. The least correlated is Canadian National Railway Company (CNR.TO) (Industrials) with a 1Y correlation of 0.34, down from 0.52 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
CNR.TO
Canadian National Railway Company0.340.480.52
64
Industrials

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Diversification Analysis

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Analyze a portfolio with XCG.TO