Looking to diversify beyond XEMC.TO? The ETFs below have historically moved differently from XEMC.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 XEMC.TO
6 ETFs have low correlation with XEMC.TO (below 0.3), 1 of which are negatively correlated. The least correlated is Global X High Interest Savings ETF (CASH.TO) (Money Market) with a 1Y correlation of -0.01, roughly unchanged from -0.00 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X High Interest Savings ETF | -0.01 | -0.00 | — | 100 | Money Market | XEMC.TO vs CASH.TO | |
| iShares S&P/TSX Composite High Dividend Index ETF | 0.10 | 0.27 | — | 98 | Canada Equities | XEMC.TO vs XEI.TO | |
| iShares Global Healthcare Index ETF (CAD-Hedged) | 0.12 | 0.22 | — | 54 | Health & Biotech Equities | XEMC.TO vs XHC.TO | |
| BMO Low Volatility Canadian Equity ETF | 0.14 | 0.27 | — | 58 | Canada Equities, Low Volatility | XEMC.TO vs ZLB.TO | |
| iShares Core MSCI Canadian Quality Dividend Index ... | 0.19 | 0.29 | — | 98 | Quality Factor, Dividend, Large Cap Value Equities | XEMC.TO vs XDIV.TO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for XEMC.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 Fortis Inc. (FTS.TO) (Utilities) with a 1Y correlation of -0.24, down from -0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Fortis Inc. | -0.24 | -0.05 | -0.04 | 87 | Utilities | |
| Loblaw Companies Limited | -0.16 | 0.02 | 0.03 | 69 | Consumer Defensive | |
| Pembina Pipeline Corporation | -0.12 | 0.04 | 0.06 | 89 | Energy | |
| Canadian Natural Resources Limited | -0.06 | 0.10 | 0.11 | 88 | Energy | |
| Extendicare Inc. | 0.04 | 0.12 | 0.13 | 99 | Healthcare |
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