Looking to diversify beyond XMS.TO? The ETFs below have historically moved differently from XMS.TO, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for XMS.TO
41 ETFs have low correlation with XMS.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Desjardins RI USA Multifactor - Net-Zero Emissions Pathway ETF (DRFU.TO) (Large Cap Blend Equities) with a 1Y correlation of 0.09, roughly unchanged from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Desjardins RI USA Multifactor - Net-Zero Emissions... | 0.09 | 0.16 | 0.14 | 82 | Large Cap Blend Equities, Sustainable, Multi-factor | XMS.TO vs DRFU.TO | |
| BMO Low Volatility Emerging Markets Equity ETF | 0.11 | 0.12 | 0.14 | 74 | Emerging Markets Equities, Low Volatility, Actively Managed | XMS.TO vs ZLE.TO | |
| iShares MSCI Min Vol Emerging Markets Index ETF | 0.11 | 0.15 | 0.19 | 56 | Emerging Markets Equities, Low Volatility | XMS.TO vs XMM.TO | |
| Brompton Canadian Cash Flow Kings ETF | 0.13 | — | — | 97 | Canada Equities | XMS.TO vs KNGC.TO | |
| BMO NASDAQ 100 Equity Index ETF | 0.14 | 0.25 | 0.31 | 64 | Nasdaq-100 | XMS.TO vs ZNQ.TO |
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