Looking to diversify beyond XFH.TO? The ETFs below have the lowest correlation with XFH.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 XFH.TO.
Best Diversifiers for XFH.TO
2 ETFs have low correlation with XFH.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Global X Innovative Bluechip Top 10 Index ETF (TTTX.TO) (Global Equities) with a 1Y correlation of 0.01, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Innovative Bluechip Top 10 Index ETF | 0.01 | 0.03 | 0.03 | 71 | Global Equities | XFH.TO vs TTTX.TO | |
| Invesco FTSE RAFI Global Small-Mid ETF | 0.26 | 0.27 | 0.36 | 85 | Global Equities | XFH.TO vs PZW.TO | |
| CI Global Core Plus Equity ETF | 0.30 | 0.29 | 0.33 | 88 | Global Equities | XFH.TO vs ONEQ.TO | |
| iShares S&P/TSX Composite High Dividend Index ETF | 0.32 | 0.52 | 0.59 | 98 | Canada Equities | XFH.TO vs XEI.TO | |
| iShares MSCI Min Vol EAFE Index ETF (CAD-Hedged) | 0.38 | 0.38 | 0.42 | 66 | Global Equities | XFH.TO vs XML.TO |
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