Looking to diversify beyond XIC.TO? The ETFs below have historically moved differently from XIC.TO, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for XIC.TO
30 ETFs have low correlation with XIC.TO (below 0.3), 1 of which are negatively correlated. The least correlated is Global X S&P/TSX Capped Energy Index Corporate Class ETF (HXE.TO) (Energy Equities) with a 1Y correlation of -0.04, down from 0.40 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X S&P/TSX Capped Energy Index Corporate Cla... | -0.04 | 0.26 | 0.40 | 87 | Energy Equities | XIC.TO vs HXE.TO | |
| CI Money Market ETF CAD Series | 0.00 | — | — | 99 | Money Market | XIC.TO vs CMNY.TO | |
| Purpose High Interest Savings Fund | 0.01 | 0.05 | 0.04 | 100 | Money Market | XIC.TO vs PSA.TO | |
| Evolve High Interest Savings Account ETF | 0.01 | -0.00 | -0.00 | 99 | Money Market | XIC.TO vs HISA.NEO | |
| iShares Premium Money Market ETF | 0.02 | -0.01 | -0.03 | 100 | Money Market | XIC.TO vs CMR.TO |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for XIC.TO, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Fortis Inc. (FTS.TO) (Utilities) with a 1Y correlation of -0.07, down from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Fortis Inc. | -0.07 | 0.19 | 0.17 | 87 | Utilities | |
| Tourmaline Oil Corp. | -0.03 | 0.23 | 0.34 | 56 | Energy | |
| Suncor Energy Inc. | -0.02 | 0.25 | 0.39 | 95 | Energy | |
| Canadian Natural Resources Limited | -0.01 | 0.29 | 0.43 | 88 | Energy | |
| Enbridge Inc. | 0.07 | 0.34 | 0.46 | 87 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements XIC.TO
Add XIC.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with XIC.TO