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
9 ETFs have low correlation with XCLN.TO (below 0.3), 1 of which are negatively correlated. The least correlated is BMO Global Infrastructure Index ETF (ZGI.TO) (Industrials Equities) with a 1Y correlation of -0.04, down from 0.07 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BMO Global Infrastructure Index ETF | -0.04 | 0.07 | — | 54 | Industrials Equities | XCLN.TO vs ZGI.TO | |
| BMO Money Market Fund ETF Series | 0.01 | 0.00 | — | 99 | Money Market | XCLN.TO vs ZMMK.TO | |
| Global X Equal Weight Canadian REITs Index Corpora... | 0.08 | 0.17 | — | 53 | REIT, Equal Weight | XCLN.TO vs HCRE.TO | |
| CI Auspice Broad Commodity Fund ETF Hedged Units | 0.13 | 0.11 | — | 78 | Commodities | XCLN.TO vs CCOM.TO | |
| Purpose Global Bond Fund | 0.14 | 0.21 | — | 54 | Global Bonds | XCLN.TO vs BND.TO |
See all 19 diversifiers for XCLN.TO
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