Looking to diversify beyond XIN.TO? The ETFs below have the lowest correlation with XIN.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 XIN.TO.
Best Diversifiers for XIN.TO
4 ETFs have low correlation with XIN.TO (below 0.3), 0 of which are negatively correlated. The least correlated is iShares S&P/TSX Capped Utilities Index ETF (XUT.TO) (Utilities Equities) with a 1Y correlation of 0.11, down from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P/TSX Capped Utilities Index ETF | 0.11 | 0.33 | 0.33 | 83 | Utilities Equities | XIN.TO vs XUT.TO | |
| iShares Floating Rate Index ETF | 0.12 | 0.04 | 0.05 | 98 | Canadian Government Bonds | XIN.TO vs XFR.TO | |
| Invesco FTSE RAFI Global Small-Mid ETF | 0.23 | 0.25 | 0.34 | 85 | Global Equities | XIN.TO vs PZW.TO | |
| CI Global Core Plus Equity ETF | 0.29 | 0.29 | 0.32 | 88 | Global Equities | XIN.TO vs ONEQ.TO | |
| iShares S&P/TSX Composite High Dividend Index ETF | 0.32 | 0.51 | 0.58 | 98 | Canada Equities | XIN.TO vs XEI.TO |
See all 45 diversifiers for XIN.TO
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