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 0.23, down from 0.39 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 | 0.23 | 0.37 | 0.39 | 98 | Canada Equities | XDSR.TO vs XEI.TO | |
| iShares Core MSCI Canadian Quality Dividend Index ... | 0.34 | 0.41 | 0.42 | 98 | Dividend, Large Cap Value Equities | XDSR.TO vs XDIV.TO | |
| Franklin International Core Equity Fund ETF Series | 0.36 | — | — | 80 | Foreign Large Cap Equities | XDSR.TO vs FCRI.TO | |
| iShares 1-5 Year Laddered Government Bond Index ET... | 0.41 | 0.22 | 0.16 | 56 | Canadian Government Bonds | XDSR.TO vs CLF.TO | |
| CI Morningstar International Momentum Index ETF Co... | 0.47 | 0.40 | 0.43 | 83 | Momentum, Foreign Large Cap Equities | XDSR.TO vs ZXM.TO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from XDSR.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to XDSR.TO and solid risk/return profiles. The least correlated is Sprott Physical Gold Trust (PHYS.TO) (Financial Services) with a 1Y correlation of 0.33, up from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Sprott Physical Gold Trust | 0.33 | 0.19 | 0.11 | 67 | Financial Services |
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