Looking to diversify beyond XHB.TO? The ETFs below have the lowest correlation with XHB.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 XHB.TO.
Best Diversifiers for XHB.TO
17 ETFs have low correlation with XHB.TO (below 0.3), 2 of which are negatively correlated. The least correlated is iShares Convertible Bond Index ETF (CVD.TO) (High Yield Bonds) with a 1Y correlation of -0.07, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Convertible Bond Index ETF | -0.07 | 0.07 | 0.05 | 50 | High Yield Bonds | XHB.TO vs CVD.TO | |
| Purpose High Interest Savings Fund | -0.03 | 0.05 | 0.04 | 99 | Money Market | XHB.TO vs PSA.TO | |
| iShares S&P/TSX Composite High Dividend Index ETF | 0.02 | 0.16 | 0.09 | 98 | Canada Equities | XHB.TO vs XEI.TO | |
| CIBC Active Investment Grade Floating Rate Bond ET... | 0.08 | 0.03 | 0.01 | 94 | Corporate Bonds | XHB.TO vs CFRN.TO | |
| iShares Floating Rate Index ETF | 0.09 | 0.05 | 0.06 | 98 | Canadian Government Bonds | XHB.TO vs XFR.TO |
See all 39 diversifiers for XHB.TO
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements XHB.TO
Add XHB.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with XHB.TO