PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

iShares S&P U.S. Mid-Cap Index ETF (CAD-Hedged) (XMH.TO) Diversifiers

ETF · Currency in CAD · Last updated Jul 16, 2026

XMH.TO is a passive ETF by iShares tracking the investment results of the S&P MidCap 400® CAD Hedged Index. XMH.TO launched on Aug 4, 2015 and has a 0.16% expense ratio.

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

Best Diversifiers for XMH.TO

1 ETFs have low correlation with XMH.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Manulife Multifactor U.S. Small Cap Index ETF Hedged (MUSC.TO) (Small Cap Blend Equities) with a 1Y correlation of 0.09, roughly unchanged from 0.13 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
MUSC.TO
Manulife Multifactor U.S. Small Cap Index ETF Hedg...0.090.050.13
91
Small Cap Blend Equities, Multi-factorXMH.TO vs MUSC.TO
XEI.TO
iShares S&P/TSX Composite High Dividend Index ETF0.320.550.62
98
Canada EquitiesXMH.TO vs XEI.TO
XDIV.TO
iShares Core MSCI Canadian Quality Dividend Index ...0.420.550.60
98
Dividend, Large Cap Value EquitiesXMH.TO vs XDIV.TO
XMD.TO
iShares S&P/TSX Completion Index ETF0.580.640.70
57
Canada EquitiesXMH.TO vs XMD.TO
XIU.TO
iShares S&P/TSX 60 Index ETF0.660.710.75
93
Canada EquitiesXMH.TO vs XIU.TO
See all 19 diversifiers for XMH.TO

To view more results, upgrade your current subscription plan.

Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from XMH.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to XMH.TO and solid risk/return profiles. The least correlated is Cameco Corporation (CCO.TO) (Energy) with a 1Y correlation of 0.40, roughly unchanged from 0.39 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
CCO.TO
Cameco Corporation0.400.350.39
61
Energy

Rows per page

1–1 of 1

Diversification Analysis

Build a portfolio that complements XMH.TO

Add XMH.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with XMH.TO