Looking to diversify beyond XLB.TO? The ETFs below have the lowest correlation with XLB.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 XLB.TO.
Best Diversifiers for XLB.TO
21 ETFs have low correlation with XLB.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 -0.32, down from -0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P/TSX Capped Energy Index ETF | -0.32 | -0.12 | -0.12 | 86 | Energy Equities | XLB.TO vs XEG.TO | |
| CI Auspice Broad Commodity Fund ETF Hedged Units | -0.12 | -0.02 | — | 70 | Commodities | XLB.TO vs CCOM.TO | |
| Global X 0-3 Month T-Bill ETF | 0.00 | 0.04 | — | 99 | Canadian Government Bonds | XLB.TO vs CBIL.TO | |
| iShares S&P/TSX Composite High Dividend Index ETF | 0.03 | 0.19 | 0.10 | 98 | Canada Equities | XLB.TO vs XEI.TO | |
| Global X High Interest Savings ETF | 0.06 | 0.07 | 0.05 | 100 | Money Market | XLB.TO vs CASH.TO |
See all 33 diversifiers for XLB.TO
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements XLB.TO
Add XLB.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with XLB.TO