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
6 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 -0.06, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P/TSX Capped Energy Index ETF | -0.06 | 0.11 | 0.21 | 78 | Energy Equities, Canada Equities | XGI.TO vs XEG.TO | |
| BMO Global Infrastructure Index ETF | 0.02 | 0.13 | 0.21 | 52 | Industrials Equities | XGI.TO vs ZGI.TO | |
| Vanguard Canadian Short Term Bond | 0.23 | 0.14 | 0.09 | 62 | Canadian Government Bonds | XGI.TO vs VSB.TO | |
| Dynamic Active Global Infrastructure ETF | 0.24 | 0.26 | 0.28 | 69 | Industrials Equities | XGI.TO vs DXN.TO | |
| BMO Equal Weight Utilities Index ETF | 0.24 | 0.27 | 0.25 | 77 | Utilities Equities, Equal Weight | XGI.TO vs ZUT.TO |
See all 42 diversifiers for XGI.TO
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