Looking to diversify beyond XEH.TO? The ETFs below have the lowest correlation with XEH.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 XEH.TO.
Best Diversifiers for XEH.TO
1 ETFs have low correlation with XEH.TO (below 0.3), 0 of which are negatively correlated. The least correlated is TD Active Preferred Share ETF (TPRF.TO) (Preferred Stock/Convertible Bonds) with a 1Y correlation of 0.23, roughly unchanged from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| TD Active Preferred Share ETF | 0.23 | 0.23 | 0.28 | 96 | Preferred Stock/Convertible Bonds | XEH.TO vs TPRF.TO | |
| iShares S&P/TSX Composite High Dividend Index ETF | 0.33 | 0.51 | 0.57 | 98 | Canada Equities | XEH.TO vs XEI.TO | |
| iShares Core MSCI Canadian Quality Dividend Index ... | 0.38 | 0.53 | 0.57 | 98 | Dividend, Large Cap Value Equities | XEH.TO vs XDIV.TO | |
| Vanguard FTSE Canadian High Dividend Yield Index E... | 0.44 | 0.56 | 0.60 | 98 | Dividend | XEH.TO vs VDY.TO | |
| iShares Core S&P/TSX Capped Composite Index ETF | 0.54 | 0.61 | 0.67 | 80 | Canada Equities | XEH.TO vs XIC.TO |
See all 19 diversifiers for XEH.TO
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