Looking to diversify beyond XMI.TO? The ETFs below have the lowest correlation with XMI.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 XMI.TO.
Best Diversifiers for XMI.TO
6 ETFs have low correlation with XMI.TO (below 0.3), 1 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Innovative Bluechip Top 10 Index ETF | -0.14 | — | — | 77 | Global Equities | XMI.TO vs TTTX.TO | |
| iShares Floating Rate Index ETF | 0.01 | 0.04 | 0.07 | 98 | Canadian Government Bonds | XMI.TO vs XFR.TO | |
| Brompton Global Infrastructure ETF | 0.21 | 0.29 | 0.23 | 57 | Global Equities | XMI.TO vs BGIE.TO | |
| iShares NASDAQ 100 Index ETF (CAD-Hedged) | 0.24 | 0.27 | 0.33 | 66 | Nasdaq-100 | XMI.TO vs XQQ.TO | |
| CI Munro Global Growth Equity Fund | 0.25 | 0.25 | 0.28 | 69 | Global Equities | XMI.TO vs CMGG.TO |
See all 41 diversifiers for XMI.TO
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