Looking to diversify beyond XCH.TO? The ETFs below have the lowest correlation with XCH.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 XCH.TO.
Best Diversifiers for XCH.TO
8 ETFs have low correlation with XCH.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 -0.02, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P/TSX Capped Energy Index ETF | -0.02 | 0.13 | 0.11 | 86 | Energy Equities | XCH.TO vs XEG.TO | |
| Global X High Interest Savings ETF | 0.02 | 0.01 | — | 100 | Money Market | XCH.TO vs CASH.TO | |
| iShares S&P/TSX Composite High Dividend Index ETF | 0.15 | 0.28 | 0.23 | 98 | Canada Equities | XCH.TO vs XEI.TO | |
| iShares Core MSCI Canadian Quality Dividend Index ... | 0.21 | 0.30 | 0.24 | 98 | Dividend, Large Cap Value Equities | XCH.TO vs XDIV.TO | |
| BMO Equal Weight Banks Index ETF | 0.25 | 0.27 | 0.25 | 96 | Financials Equities | XCH.TO vs ZEB.TO |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from XCH.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to XCH.TO and solid risk/return profiles. The least correlated is Canadian Pacific Railway Limited (CP.TO) (Industrials) with a 1Y correlation of 0.16, roughly unchanged from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Canadian Pacific Railway Limited | 0.16 | 0.20 | 0.15 | 54 | Industrials |
Build a portfolio that complements XCH.TO
Add XCH.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with XCH.TO