Looking to diversify beyond XEM.TO? The ETFs below have the lowest correlation with XEM.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 XEM.TO.
Best Diversifiers for XEM.TO
4 ETFs have low correlation with XEM.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 0.14, down from 0.32 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 | 0.14 | 0.31 | 0.32 | 98 | Canada Equities | XEM.TO vs XEI.TO | |
| iShares Core MSCI Canadian Quality Dividend Index ... | 0.23 | 0.34 | 0.33 | 98 | Dividend, Large Cap Value Equities | XEM.TO vs XDIV.TO | |
| iShares Core Canadian Short Term Bond Index ETF | 0.24 | 0.14 | 0.11 | 56 | Short-Term Bond, Canadian Government Bonds | XEM.TO vs XSB.TO | |
| Vanguard FTSE Canadian High Dividend Yield Index E... | 0.28 | 0.37 | 0.35 | 99 | Dividend | XEM.TO vs VDY.TO | |
| BMO Covered Call Canadian Banks ETF | 0.42 | 0.40 | 0.38 | 98 | Financials Equities, Derivative Income, Options Trading | XEM.TO vs ZWB.TO |
See all 29 diversifiers for XEM.TO
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