Looking to diversify beyond XIU.TO? The ETFs below have the lowest correlation with XIU.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 XIU.TO.
Best Diversifiers for XIU.TO
21 ETFs have low correlation with XIU.TO (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Premium Money Market ETF (CMR.TO) (Money Market) with a 1Y correlation of 0.03, roughly unchanged from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Premium Money Market ETF | 0.03 | -0.02 | -0.04 | 100 | Money Market | XIU.TO vs CMR.TO | |
| Purpose High Interest Savings Fund | 0.03 | 0.05 | 0.04 | 99 | Money Market | XIU.TO vs PSA.TO | |
| Global X 0-3 Month T-Bill ETF | 0.03 | 0.04 | — | 99 | Canadian Government Bonds | XIU.TO vs CBIL.TO | |
| iShares Floating Rate Index ETF | 0.04 | 0.02 | 0.02 | 98 | Canadian Government Bonds | XIU.TO vs XFR.TO | |
| Global X High Interest Savings ETF | 0.04 | 0.05 | — | 100 | Money Market | XIU.TO vs CASH.TO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from XIU.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to XIU.TO and solid risk/return profiles. The least correlated is Fortis Inc. (FTS.TO) (Utilities) with a 1Y correlation of -0.05, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Fortis Inc. | -0.05 | 0.22 | 0.19 | 94 | Utilities | |
| Tourmaline Oil Corp. | -0.03 | 0.22 | 0.32 | 50 | Energy | |
| Gibson Energy Inc. | 0.01 | 0.24 | 0.36 | 83 | Energy | |
| Loblaw Companies Limited | 0.03 | 0.22 | 0.21 | 68 | Consumer Defensive | |
| Cenovus Energy Inc. | 0.04 | 0.24 | 0.38 | 95 | Energy |
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