Looking to diversify beyond XDGH.TO? The ETFs below have the lowest correlation with XDGH.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 XDGH.TO.
Best Diversifiers for XDGH.TO
4 ETFs have low correlation with XDGH.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 -0.03, roughly unchanged from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Innovative Bluechip Top 10 Index ETF | -0.03 | -0.04 | -0.04 | 77 | Global Equities | XDGH.TO vs TTTX.TO | |
| CI Munro Global Growth Equity Fund | 0.23 | 0.24 | 0.27 | 69 | Global Equities | XDGH.TO vs CMGG.TO | |
| iShares Canadian HYBrid Corporate Bond Index ETF | 0.24 | 0.20 | 0.12 | 51 | Corporate Bonds | XDGH.TO vs XHB.TO | |
| iShares NASDAQ 100 Index ETF (CAD-Hedged) | 0.27 | 0.32 | 0.40 | 66 | Nasdaq-100 | XDGH.TO vs XQQ.TO | |
| iShares S&P/TSX Capped Utilities Index ETF | 0.30 | 0.38 | 0.35 | 84 | Utilities Equities | XDGH.TO vs XUT.TO |
See all 39 diversifiers for XDGH.TO
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