Looking to diversify beyond XCLN.TO? The ETFs below have the lowest correlation with XCLN.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 XCLN.TO.
Best Diversifiers for XCLN.TO
7 ETFs have low correlation with XCLN.TO (below 0.3), 1 of which are negatively correlated. The least correlated is BMO Money Market Fund ETF Series (ZMMK.TO) (Money Market) with a 1Y correlation of -0.00, roughly unchanged from -0.01 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BMO Money Market Fund ETF Series | -0.00 | -0.01 | — | 100 | Money Market | XCLN.TO vs ZMMK.TO | |
| Purpose Global Bond Fund | 0.11 | 0.20 | — | 55 | XCLN.TO vs BND.TO | ||
| CI Auspice Broad Commodity Fund ETF Hedged Units | 0.15 | 0.13 | — | 70 | Commodities | XCLN.TO vs CCOM.TO | |
| Brompton Canadian Cash Flow Kings ETF | 0.16 | — | — | 97 | Large Cap Blend Equities | XCLN.TO vs KNGC.TO | |
| iShares Core MSCI Canadian Quality Dividend Index ... | 0.17 | 0.20 | — | 98 | Dividend, Large Cap Value Equities | XCLN.TO vs XDIV.TO |
See all 18 diversifiers for XCLN.TO
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