Looking to diversify beyond XDUH.TO? The ETFs below have historically moved differently from XDUH.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 XDUH.TO
14 ETFs have low correlation with XDUH.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Caldwell U.S. Dividend Advantage Fund (UDA.TO) (Dividend) with a 1Y correlation of 0.06, down from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Caldwell U.S. Dividend Advantage Fund | 0.06 | 0.11 | 0.17 | 53 | Dividend, Momentum | XDUH.TO vs UDA.TO | |
| BMO Equal Weight Utilities Index ETF | 0.13 | 0.27 | 0.29 | 79 | Utilities Equities, Equal Weight | XDUH.TO vs ZUT.TO | |
| Dynamic Active U.S. Dividend ETF | 0.14 | 0.20 | 0.29 | 52 | Dividend | XDUH.TO vs DXU.TO | |
| BMO Tactical Dividend ETF Fund | 0.19 | 0.15 | 0.25 | 88 | Dividend | XDUH.TO vs ZZZD.TO | |
| Harvest Eli Lilly High Income Shares ETF Class A U... | 0.20 | — | — | 60 | Dividend | XDUH.TO vs LLYH.TO |
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