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iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO) Diversifiers

ETF · Currency in CAD · Last updated Jul 17, 2026

XDIV.TO is a passive ETF by iShares tracking the investment results of the MSCI Canada High Dividend Yield 10% Security Capped Index. XDIV.TO launched on Jun 12, 2017 and has a 0.11% expense ratio.

Looking to diversify beyond XDIV.TO? The ETFs below have the lowest correlation with XDIV.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 XDIV.TO.

Best Diversifiers for XDIV.TO

57 ETFs have low correlation with XDIV.TO (below 0.3), 3 of which are negatively correlated.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
PFIA.TO
Picton Mahoney Fortified Income Alternative Fund-0.080.010.04
58
XDIV.TO vs PFIA.TO
XFR.TO
iShares Floating Rate Index ETF-0.02-0.010.01
98
Canadian Government BondsXDIV.TO vs XFR.TO
CBIL.TO
Global X 0-3 Month T-Bill ETF-0.000.05—
99
Canadian Government BondsXDIV.TO vs CBIL.TO
ZMMK.TO
BMO Money Market Fund ETF Series0.010.03—
99
Money MarketXDIV.TO vs ZMMK.TO
PSA.TO
Purpose High Interest Savings Fund0.010.060.04
99
Money MarketXDIV.TO vs PSA.TO
See all 201 diversifiers for XDIV.TO

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from XDIV.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to XDIV.TO and solid risk/return profiles. The least correlated is Brookfield Renewable Partners L.P (BEP-UN.TO) (Utilities) with a 1Y correlation of 0.07, down from 0.26 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
BEP-UN.TO
Brookfield Renewable Partners L.P0.070.300.26
74
Utilities
H.TO
Hydro One Limited0.100.370.32
87
Utilities
PHYS.TO
Sprott Physical Gold Trust0.110.090.01
64
Financial Services
EIF.TO
Exchange Income Corporation0.120.320.40
98
Industrials
EXE.TO
Extendicare Inc.0.160.260.31
99
Healthcare
See all 27 low-correlation stocks for XDIV.TO

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Diversification Analysis

Build a portfolio that complements XDIV.TO

Add XDIV.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with XDIV.TO