Looking to diversify beyond XEN.TO? The ETFs below have the lowest correlation with XEN.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 XEN.TO.
Best Diversifiers for XEN.TO
1 ETFs have low correlation with XEN.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Global X High Interest Savings ETF (CASH.TO) (Money Market) with a 1Y correlation of 0.08, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X High Interest Savings ETF | 0.08 | 0.04 | 0.03 | 100 | Money Market | XEN.TO vs CASH.TO | |
| Global X Canadian High Dividend Index Corporate Cl... | 0.35 | 0.55 | 0.60 | 98 | Canada Equities | XEN.TO vs HXH.TO | |
| Invesco S&P/TSX Composite Low Volatility Index ETF | 0.42 | 0.52 | 0.53 | 92 | Canada Equities | XEN.TO vs TLV.TO | |
| iShares S&P/TSX Composite High Dividend Index ETF | 0.44 | 0.66 | 0.72 | 98 | Canada Equities | XEN.TO vs XEI.TO | |
| iShares Core MSCI Canadian Quality Dividend Index ... | 0.51 | 0.66 | 0.67 | 98 | Dividend, Large Cap Value Equities | XEN.TO vs XDIV.TO |
See all 36 diversifiers for XEN.TO
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements XEN.TO
Add XEN.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with XEN.TO