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iShares Core Growth ETF Portfolio (XGRO.TO) Diversifiers

ETF · Currency in CAD · Last updated Jun 5, 2026

iShares Core Growth ETF Portfolio is a Canadian all-in-one ETF portfolio that targets a strategic allocation of approximately 80% equities and 20% fixed income through underlying iShares ETFs. The fund is automatically monitored and rebalanced to maintain its target asset mix.

Looking to diversify beyond XGRO.TO? The ETFs below have the lowest correlation with XGRO.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 XGRO.TO.

Best Diversifiers for XGRO.TO

14 ETFs have low correlation with XGRO.TO (below 0.3), 2 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 -0.07, down from 0.26 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
XEG.TO
iShares S&P/TSX Capped Energy Index ETF-0.070.170.26
89
Energy EquitiesXGRO.TO vs XEG.TO
CBIL.TO
Global X 0-3 Month T-Bill ETF-0.000.04—
99
Canadian Government BondsXGRO.TO vs CBIL.TO
CMR.TO
iShares Premium Money Market ETF0.010.030.03
99
Money MarketXGRO.TO vs CMR.TO
CASH.TO
Global X High Interest Savings ETF0.030.06—
100
Money MarketXGRO.TO vs CASH.TO
XFR.TO
iShares Floating Rate Index ETF0.050.050.04
98
Canadian Government BondsXGRO.TO vs XFR.TO
See all 142 diversifiers for XGRO.TO

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from XGRO.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to XGRO.TO and solid risk/return profiles. The least correlated is Canadian Natural Resources Limited (CNQ.TO) (Energy) with a 1Y correlation of -0.08, down from 0.24 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
CNQ.TO
Canadian Natural Resources Limited-0.080.160.24
88
Energy
ENB.TO
Enbridge Inc.-0.030.200.28
85
Energy
DFN.TO
Dividend 15 Split Corp.0.460.490.48
96
Financial Services
TD.TO
The Toronto-Dominion Bank0.510.480.50
98
Financial Services

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Diversification Analysis

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