Looking to diversify beyond XMM.TO? The ETFs below have the lowest correlation with XMM.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 XMM.TO.
Best Diversifiers for XMM.TO
3 ETFs have low correlation with XMM.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 0.06, down from 0.17 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 | 0.06 | 0.18 | 0.17 | 98 | Canada Equities | XMM.TO vs XEI.TO | |
| iShares Core MSCI Canadian Quality Dividend Index ... | 0.17 | 0.23 | 0.21 | 98 | Dividend, Large Cap Value Equities | XMM.TO vs XDIV.TO | |
| iShares Core MSCI Global Quality Dividend Index ET... | 0.26 | 0.30 | 0.33 | 54 | Global Equities | XMM.TO vs XDG.TO | |
| iShares S&P/TSX 60 Index ETF | 0.34 | 0.30 | 0.30 | 82 | Large Cap Growth Equities | XMM.TO vs XIU.TO | |
| iShares Core S&P/TSX Capped Composite Index ETF | 0.34 | 0.32 | 0.31 | 80 | Canada Equities | XMM.TO vs XIC.TO |
See all 18 diversifiers for XMM.TO
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