Looking to diversify beyond XCHP.TO? The ETFs below have historically moved differently from XCHP.TO, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for XCHP.TO
14 ETFs have low correlation with XCHP.TO (below 0.3), 4 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Premium Money Market ETF | -0.08 | — | — | 100 | Money Market | XCHP.TO vs CMR.TO | |
| Global X Enhanced Canadian Oil and Gas Equity Cove... | -0.03 | — | — | 92 | Energy Equities, Derivative Income | XCHP.TO vs ENCL.TO | |
| Hamilton Energy YIELD MAXIMIZER ETF | -0.00 | — | — | 80 | Energy Equities, Derivative Income | XCHP.TO vs EMAX.TO | |
| iShares S&P/TSX Capped Energy Index ETF | -0.00 | 0.10 | 0.10 | 89 | Energy Equities, Canada Equities | XCHP.TO vs XEG.TO | |
| Global X High Interest Savings ETF | 0.00 | — | — | 100 | Money Market | XCHP.TO vs CASH.TO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for XCHP.TO, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Enbridge Inc. (ENB.TO) (Energy) with a 1Y correlation of -0.15, down from -0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enbridge Inc. | -0.15 | -0.05 | -0.05 | 87 | Energy | |
| Canadian Natural Resources Limited | -0.05 | 0.08 | 0.08 | 88 | Energy | |
| Royal Bank of Canada | 0.32 | 0.29 | 0.29 | 99 | Financial Services | |
| The Toronto-Dominion Bank | 0.33 | 0.26 | 0.26 | 99 | Financial Services | |
| MDA Space Ltd. | 0.34 | — | — | 50 | Industrials |
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