Looking to diversify beyond XCNS.TO? The ETFs below have the lowest correlation with XCNS.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 XCNS.TO.
Best Diversifiers for XCNS.TO
6 ETFs have low correlation with XCNS.TO (below 0.3), 1 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Picton Mahoney Fortified Income Alternative Fund | -0.08 | 0.04 | 0.08 | 58 | XCNS.TO vs PFIA.TO | ||
| iShares S&P/TSX Capped Utilities Index ETF | 0.09 | 0.38 | 0.38 | 82 | Utilities Equities | XCNS.TO vs XUT.TO | |
| BMO Money Market Fund ETF Series | 0.12 | 0.05 | — | 99 | Money Market | XCNS.TO vs ZMMK.TO | |
| Franklin Growth ETF Portfolio | 0.12 | — | — | 94 | Diversified Portfolio | XCNS.TO vs GRO.TO | |
| Global X Active Ultra-Short Term Investment Grade ... | 0.25 | 0.18 | 0.17 | 96 | Ultrashort Bond | XCNS.TO vs HFR.TO |
See all 49 diversifiers for XCNS.TO
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