Looking to diversify beyond XMC.TO? The ETFs below have the lowest correlation with XMC.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 XMC.TO.
Best Diversifiers for XMC.TO
2 ETFs have low correlation with XMC.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Purpose High Interest Savings Fund (PSA.TO) (Money Market) with a 1Y correlation of 0.00, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Purpose High Interest Savings Fund | 0.00 | 0.07 | 0.04 | 99 | Money Market | XMC.TO vs PSA.TO | |
| iShares Canadian HYBrid Corporate Bond Index ETF | 0.28 | 0.21 | 0.11 | 66 | Corporate Bonds | XMC.TO vs XHB.TO | |
| iShares S&P/TSX Composite High Dividend Index ETF | 0.33 | 0.52 | 0.55 | 98 | Canada Equities | XMC.TO vs XEI.TO | |
| iShares MSCI Min Vol EAFE Index ETF | 0.39 | 0.39 | 0.40 | 60 | Global Equities | XMC.TO vs XMI.TO | |
| iShares Core MSCI Canadian Quality Dividend Index ... | 0.42 | 0.52 | 0.55 | 98 | Dividend, Large Cap Value Equities | XMC.TO vs XDIV.TO |
See all 27 diversifiers for XMC.TO
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