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
0 ETFs have low correlation with XMC.TO (below 0.3), 0 of which are negatively correlated. The least correlated is iShares S&P/TSX Composite High Dividend Index ETF (XEI.TO) (Canada Equities) with a 1Y correlation of 0.36, down from 0.56 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P/TSX Composite High Dividend Index ETF | 0.36 | 0.54 | 0.56 | 98 | Canada Equities | XMC.TO vs XEI.TO | |
| iShares Core MSCI Canadian Quality Dividend Index ... | 0.44 | 0.55 | 0.56 | 98 | Dividend, Large Cap Value Equities | XMC.TO vs XDIV.TO | |
| Vanguard FTSE Canadian High Dividend Yield Index E... | 0.48 | 0.59 | 0.59 | 98 | Dividend | XMC.TO vs VDY.TO | |
| iShares NASDAQ 100 Index ETF (CAD-Hedged) | 0.55 | 0.58 | 0.65 | 66 | Nasdaq-100 | XMC.TO vs XQQ.TO | |
| BMO Equal Weight Banks Index ETF | 0.56 | 0.61 | 0.61 | 96 | Financials Equities | XMC.TO vs ZEB.TO |
See all 18 diversifiers for XMC.TO
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