PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

iShares S&P/TSX Capped Information Technology Index ETF (XIT.TO) Diversifiers

ETF · Currency in CAD · Last updated Jun 4, 2026

XIT.TO is a passive ETF by iShares tracking the investment results of the Morningstar Gbl GR CAD. XIT.TO launched on Mar 19, 2001 and has a 0.60% expense ratio.

Looking to diversify beyond XIT.TO? The ETFs below have the lowest correlation with XIT.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 XIT.TO.

Best Diversifiers for XIT.TO

10 ETFs have low correlation with XIT.TO (below 0.3), 2 of which are negatively correlated. The least correlated is iShares S&P/TSX Capped Energy Index ETF (XEG.TO) (Energy Equities) with a 1Y correlation of -0.09, down from 0.11 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
XEG.TO
iShares S&P/TSX Capped Energy Index ETF-0.090.070.11
86
Energy EquitiesXIT.TO vs XEG.TO
XUT.TO
iShares S&P/TSX Capped Utilities Index ETF-0.070.160.20
84
Utilities EquitiesXIT.TO vs XUT.TO
XEI.TO
iShares S&P/TSX Composite High Dividend Index ETF0.080.280.33
98
Canada EquitiesXIT.TO vs XEI.TO
CHPS-U.TO
Global X Artificial Intelligence Semiconductor Ind...0.160.10—
94
Semiconductors, Technology EquitiesXIT.TO vs CHPS-U.TO
XDIV.TO
iShares Core MSCI Canadian Quality Dividend Index ...0.250.350.36
98
Dividend, Large Cap Value EquitiesXIT.TO vs XDIV.TO
See all 54 diversifiers for XIT.TO

To view more results, upgrade your current subscription plan.

Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from XIT.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to XIT.TO and solid risk/return profiles. The least correlated is Enbridge Inc. (ENB.TO) (Energy) with a 1Y correlation of -0.21, down from 0.11 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
ENB.TO
Enbridge Inc.-0.210.030.11
81
Energy
CNQ.TO
Canadian Natural Resources Limited-0.110.060.09
86
Energy
BBD-A.TO
Bombardier Inc0.230.320.37
98
Industrials

Rows per page

1–3 of 3

Diversification Analysis

Build a portfolio that complements XIT.TO

Add XIT.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with XIT.TO