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iShares Semiconductor Index ETF (XCHP.TO) Diversifiers

ETF · Currency in CAD · Last updated Jun 4, 2026

iShares Semiconductor Index ETF aims to track the NYSE Semiconductor Index by investing in growth and value stocks of U.S. companies in the information technology, semiconductors, and semiconductor equipment sectors using a full replication strategy.

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

Best Diversifiers for XCHP.TO

15 ETFs have low correlation with XCHP.TO (below 0.3), 4 of which are negatively correlated.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
CASH.TO
Global X High Interest Savings ETF-0.06——
100
Money MarketXCHP.TO vs CASH.TO
CMR.TO
iShares Premium Money Market ETF-0.03——
99
Money MarketXCHP.TO vs CMR.TO
CBIL.TO
Global X 0-3 Month T-Bill ETF-0.01——
99
Canadian Government BondsXCHP.TO vs CBIL.TO
XEG.TO
iShares S&P/TSX Capped Energy Index ETF-0.00——
86
Energy EquitiesXCHP.TO vs XEG.TO
EMAX.TO
Hamilton Energy YIELD MAXIMIZER ETF0.00——
70
Energy Equities, Derivative IncomeXCHP.TO vs EMAX.TO
See all 80 diversifiers for XCHP.TO

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from XCHP.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to XCHP.TO and solid risk/return profiles. The least correlated is Enbridge Inc. (ENB.TO) (Energy) with a 1Y correlation of -0.13, down from -0.03 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
ENB.TO
Enbridge Inc.-0.13-0.03-0.03
81
Energy
CNQ.TO
Canadian Natural Resources Limited-0.080.080.08
86
Energy
MDA.TO
MDA Space Ltd.0.260.250.25
75
Industrials
TD.TO
The Toronto-Dominion Bank0.300.270.27
98
Financial Services
HPS-A.TO
Hammond Power Solutions Inc0.35——
94
Industrials

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Diversification Analysis

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