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iShares S&P/TSX Completion Index ETF (XMD.TO) Diversifiers

ETF · Currency in CAD · Last updated Jun 4, 2026

XMD.TO is a passive ETF by iShares tracking the investment results of the Morningstar Canada Sml GR CAD. XMD.TO launched on Mar 2, 2001 and has a 0.60% expense ratio.

Looking to diversify beyond XMD.TO? The ETFs below have the lowest correlation with XMD.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 XMD.TO.

Best Diversifiers for XMD.TO

3 ETFs have low correlation with XMD.TO (below 0.3), 0 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 0.07, down from 0.48 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
XEG.TO
iShares S&P/TSX Capped Energy Index ETF0.070.370.48
86
Energy EquitiesXMD.TO vs XEG.TO
HXH.TO
Global X Canadian High Dividend Index Corporate Cl...0.200.470.53
98
Canada EquitiesXMD.TO vs HXH.TO
TLV.TO
Invesco S&P/TSX Composite Low Volatility Index ETF0.270.480.50
92
Canada EquitiesXMD.TO vs TLV.TO
XDIV.TO
iShares Core MSCI Canadian Quality Dividend Index ...0.360.590.62
98
Dividend, Large Cap Value EquitiesXMD.TO vs XDIV.TO
XEI.TO
iShares S&P/TSX Composite High Dividend Index ETF0.360.630.70
98
Canada EquitiesXMD.TO vs XEI.TO
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Diversification Analysis

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