Looking to diversify beyond XEM.TO? The ETFs below have historically moved differently from XEM.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 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 0.10, down from 0.31 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P/TSX Composite High Dividend Index ETF | 0.10 | 0.29 | 0.31 | 98 | Canada Equities | XEM.TO vs XEI.TO | |
| BMO Low Volatility Canadian Equity ETF | 0.15 | 0.28 | 0.30 | 55 | Canada Equities, Low Volatility | XEM.TO vs ZLB.TO | |
| iShares Core MSCI Canadian Quality Dividend Index ... | 0.19 | 0.33 | 0.32 | 98 | Quality Factor, Dividend, Large Cap Value Equities | XEM.TO vs XDIV.TO | |
| Vanguard FTSE Canadian High Dividend Yield Index E... | 0.26 | 0.36 | 0.35 | 99 | Dividend | XEM.TO vs VDY.TO | |
| BMO Covered Call Canadian Banks ETF | 0.42 | 0.40 | 0.39 | 97 | Financials Equities, Derivative Income, Options Trading | XEM.TO vs ZWB.TO |
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