Looking to diversify beyond XCSR.TO? The ETFs below have the lowest correlation with XCSR.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 XCSR.TO.
Best Diversifiers for XCSR.TO
4 ETFs have low correlation with XCSR.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Global X High Interest Savings ETF (CASH.TO) (Money Market) with a 1Y correlation of 0.02, roughly unchanged from 0.04 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X High Interest Savings ETF | 0.02 | 0.04 | — | 100 | Money Market | XCSR.TO vs CASH.TO | |
| Brompton Canadian Cash Flow Kings ETF | 0.20 | — | — | 97 | Large Cap Blend Equities | XCSR.TO vs KNGC.TO | |
| Global X Canadian High Dividend Index Corporate Cl... | 0.24 | 0.44 | 0.50 | 98 | Canada Equities | XCSR.TO vs HXH.TO | |
| iShares S&P/TSX Composite High Dividend Index ETF | 0.30 | 0.58 | 0.65 | 98 | Canada Equities | XCSR.TO vs XEI.TO | |
| Invesco S&P/TSX Composite Low Volatility Index ETF | 0.38 | 0.55 | 0.57 | 94 | Canada Equities | XCSR.TO vs TLV.TO |
See all 54 diversifiers for XCSR.TO
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