Looking to diversify beyond XDU.TO? The ETFs below have historically moved differently from XDU.TO, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for XDU.TO
11 ETFs have low correlation with XDU.TO (below 0.3), 1 of which are negatively correlated. The least correlated is BMO Money Market Fund ETF Series (ZMMK.TO) (Money Market) with a 1Y correlation of -0.06, roughly unchanged from -0.02 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BMO Money Market Fund ETF Series | -0.06 | -0.02 | — | 99 | Money Market | XDU.TO vs ZMMK.TO | |
| Caldwell U.S. Dividend Advantage Fund | 0.05 | 0.12 | 0.14 | 53 | Dividend, Momentum | XDU.TO vs UDA.TO | |
| iShares Core MSCI Emerging Markets IMI Index ETF | 0.13 | 0.26 | 0.25 | 63 | Emerging Markets Equities | XDU.TO vs XEC.TO | |
| Invesco NASDAQ 100 Index ETF CAD Hedged | 0.15 | 0.33 | 0.41 | 51 | Nasdaq-100 | XDU.TO vs QQC.TO | |
| Invesco RAFI U.S. Index ETF II CAD | 0.16 | 0.39 | 0.39 | 95 | Large Cap Value Equities | XDU.TO vs PXS.TO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for XDU.TO, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Tourmaline Oil Corp. (TOU.TO) (Energy) with a 1Y correlation of 0.05, roughly unchanged from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tourmaline Oil Corp. | 0.05 | 0.12 | 0.10 | 56 | Energy |
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