Looking to diversify beyond XGI.TO? The ETFs below have the lowest correlation with XGI.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 XGI.TO.
Best Diversifiers for XGI.TO
2 ETFs have low correlation with XGI.TO (below 0.3), 1 of which are negatively correlated. The least correlated is iShares S&P/TSX Capped Energy Index ETF (XEG.TO) (Energy Equities) with a 1Y correlation of -0.03, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P/TSX Capped Energy Index ETF | -0.03 | 0.15 | 0.25 | 86 | Energy Equities | XGI.TO vs XEG.TO | |
| BMO Equal Weight Utilities Index ETF | 0.25 | 0.27 | 0.27 | 65 | Utilities Equities | XGI.TO vs ZUT.TO | |
| iShares S&P/TSX Composite High Dividend Index ETF | 0.30 | 0.38 | 0.47 | 98 | Canada Equities | XGI.TO vs XEI.TO | |
| iShares Core MSCI Canadian Quality Dividend Index ... | 0.34 | 0.39 | 0.46 | 98 | Dividend, Large Cap Value Equities | XGI.TO vs XDIV.TO | |
| BMO Low Volatility Canadian Equity ETF | 0.34 | 0.33 | 0.40 | 54 | Canada Equities | XGI.TO vs ZLB.TO |
See all 25 diversifiers for XGI.TO
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