Looking to diversify beyond XHD.TO? The ETFs below have the lowest correlation with XHD.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 XHD.TO.
Best Diversifiers for XHD.TO
33 ETFs have low correlation with XHD.TO (below 0.3), 2 of which are negatively correlated. The least correlated is BMO NASDAQ 100 Equity Index ETF (ZNQ.TO) (Nasdaq-100) with a 1Y correlation of -0.02, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BMO NASDAQ 100 Equity Index ETF | -0.02 | 0.05 | 0.20 | 74 | Nasdaq-100 | XHD.TO vs ZNQ.TO | |
| iShares MSCI USA Momentum Factor Index ETF | -0.01 | 0.12 | 0.19 | 65 | Momentum, Large Cap Blend Equities | XHD.TO vs XMTM.TO | |
| Invesco NASDAQ 100 Index ETF CAD Hedged | 0.01 | 0.11 | 0.31 | 66 | Nasdaq-100 | XHD.TO vs QQC-F.TO | |
| iShares NASDAQ 100 Index ETF (CAD-Hedged) | 0.01 | 0.12 | 0.31 | 66 | Nasdaq-100 | XHD.TO vs XQQ.TO | |
| Dynamic Active U.S. Dividend ETF | 0.03 | 0.07 | 0.21 | 78 | Dividend | XHD.TO vs DXU.TO |
See all 48 diversifiers for XHD.TO
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