Looking to diversify beyond XDSR.TO? The ETFs below have the lowest correlation with XDSR.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 XDSR.TO.
Best Diversifiers for XDSR.TO
1 ETFs have low correlation with XDSR.TO (below 0.3), 0 of which are negatively correlated. The least correlated is iShares S&P/TSX Composite High Dividend Index ETF (XEI.TO) (Canada Equities) with a 1Y correlation of 0.27, down from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P/TSX Composite High Dividend Index ETF | 0.27 | 0.40 | 0.41 | 98 | Canada Equities | XDSR.TO vs XEI.TO | |
| iShares Core MSCI Canadian Quality Dividend Index ... | 0.37 | 0.44 | 0.44 | 98 | Dividend, Large Cap Value Equities | XDSR.TO vs XDIV.TO | |
| CI Morningstar International Momentum Index ETF Co... | 0.42 | 0.38 | 0.43 | 71 | Momentum, Foreign Large Cap Equities | XDSR.TO vs ZXM.TO | |
| iShares Core S&P/TSX Capped Composite Index ETF | 0.59 | 0.58 | 0.56 | 80 | Canada Equities | XDSR.TO vs XIC.TO | |
| iShares S&P/TSX 60 Index ETF | 0.59 | 0.58 | 0.55 | 82 | Canada Equities | XDSR.TO vs XIU.TO |
See all 18 diversifiers for XDSR.TO
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