Looking to diversify beyond XFR.TO? The ETFs below have historically moved differently from XFR.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 XFR.TO
54 ETFs have low correlation with XFR.TO (below 0.3), 6 of which are negatively correlated. The least correlated is Hamilton Enhanced Utilities ETF (HUTS.TO) (Utilities Equities) with a 1Y correlation of -0.06, roughly unchanged from -0.02 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hamilton Enhanced Utilities ETF | -0.06 | -0.02 | — | 89 | Utilities Equities | XFR.TO vs HUTS.TO | |
| Global X 0-3 Month T-Bill ETF | -0.03 | 0.09 | — | 99 | Canadian Government Bonds | XFR.TO vs CBIL.TO | |
| Purpose Cash Management Fund | -0.03 | 0.04 | — | 100 | Money Market | XFR.TO vs MNY.TO | |
| BMO AAA CLO ETF | -0.02 | — | — | 50 | CLO | XFR.TO vs ZAAA.NEO | |
| iShares Core MSCI Canadian Quality Dividend Index ... | -0.02 | -0.01 | 0.01 | 98 | Quality Factor, Dividend, Large Cap Value Equities | XFR.TO vs XDIV.TO |
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