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
12 ETFs have low correlation with XHB.TO (below 0.3), 0 of which are negatively correlated. The least correlated is iShares S&P/TSX Composite High Dividend Index ETF (XEI.TO) (Canada Equities) with a 1Y correlation of 0.04, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P/TSX Composite High Dividend Index ETF | 0.04 | 0.16 | 0.09 | 98 | Canada Equities | XHB.TO vs XEI.TO | |
| iShares Floating Rate Index ETF | 0.08 | 0.05 | 0.06 | 98 | Canadian Government Bonds | XHB.TO vs XFR.TO | |
| Vanguard FTSE Canadian High Dividend Yield Index E... | 0.12 | 0.17 | 0.09 | 98 | Dividend | XHB.TO vs VDY.TO | |
| iShares Core MSCI Canadian Quality Dividend Index ... | 0.14 | 0.18 | 0.12 | 98 | Dividend, Large Cap Value Equities | XHB.TO vs XDIV.TO | |
| BMO Money Market Fund ETF Series | 0.16 | 0.06 | — | 100 | Money Market | XHB.TO vs ZMMK.TO |
See all 20 diversifiers for XHB.TO
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