Looking to diversify beyond XDG.TO? The ETFs below have the lowest correlation with XDG.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 XDG.TO.
Best Diversifiers for XDG.TO
9 ETFs have low correlation with XDG.TO (below 0.3), 1 of which are negatively correlated. The least correlated is Global X Innovative Bluechip Top 10 Index ETF (TTTX.TO) (Global Equities) with a 1Y correlation of -0.10, roughly unchanged from -0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Innovative Bluechip Top 10 Index ETF | -0.10 | -0.10 | -0.10 | 77 | Global Equities | XDG.TO vs TTTX.TO | |
| iShares Core Canadian Short Term Corporate Bond In... | 0.22 | 0.23 | 0.18 | 53 | Canadian Government Bonds | XDG.TO vs XSH.TO | |
| BMO S&P/TSX Equal Weight Global Base Metals (CAD H... | 0.22 | 0.27 | 0.28 | 78 | Energy Equities | XDG.TO vs ZMT.TO | |
| Fidelity Global Innovators ETF | 0.23 | 0.29 | — | 89 | Technology Equities | XDG.TO vs FINN.NEO | |
| iShares NASDAQ 100 Index ETF (CAD-Hedged) | 0.25 | 0.31 | 0.41 | 66 | Nasdaq-100 | XDG.TO vs XQQ.TO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from XDG.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to XDG.TO and solid risk/return profiles. The least correlated is Sprott Physical Gold and Silver Trust (CEF.TO) (Financial Services) with a 1Y correlation of 0.18, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Sprott Physical Gold and Silver Trust | 0.18 | 0.12 | 0.09 | 77 | Financial Services | |
| Sprott Physical Platinum and Palladium Trust | 0.21 | 0.20 | 0.15 | 64 | Financial Services |
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