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
17 ETFs have low correlation with XIU.TO (below 0.3), 2 of which are negatively correlated. The least correlated is iShares Floating Rate Index ETF (XFR.TO) (Canadian Government Bonds) with a 1Y correlation of -0.06, roughly unchanged from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Floating Rate Index ETF | -0.06 | 0.00 | 0.00 | 98 | Canadian Government Bonds | XIU.TO vs XFR.TO | |
| Global X 0-3 Month T-Bill ETF | -0.04 | 0.01 | — | 99 | Canadian Government Bonds | XIU.TO vs CBIL.TO | |
| Purpose High Interest Savings Fund | 0.02 | 0.04 | 0.03 | 100 | Money Market | XIU.TO vs PSA.TO | |
| iShares S&P/TSX Capped Energy Index ETF | 0.03 | 0.33 | 0.46 | 89 | Energy Equities | XIU.TO vs XEG.TO | |
| iShares Premium Money Market ETF | 0.04 | -0.00 | -0.02 | 99 | Money Market | XIU.TO vs CMR.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 BCE Inc. (BCE.TO) (Communication Services) with a 1Y correlation of -0.08, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BCE Inc. | -0.08 | 0.08 | 0.21 | 68 | Communication Services | |
| Fortis Inc. | -0.04 | 0.23 | 0.19 | 82 | Utilities | |
| Cenovus Energy Inc. | 0.00 | 0.26 | 0.38 | 97 | Energy | |
| Gibson Energy Inc. | 0.02 | 0.26 | 0.37 | 81 | Energy | |
| Canadian Natural Resources Limited | 0.03 | 0.33 | 0.45 | 88 | Energy |
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Build a portfolio that complements XIU.TO
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