Looking to diversify beyond XMU.TO? The ETFs below have the lowest correlation with XMU.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 XMU.TO.
Best Diversifiers for XMU.TO
8 ETFs have low correlation with XMU.TO (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Floating Rate Index ETF (XFR.TO) (Canadian Government Bonds) with a 1Y correlation of 0.04, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Floating Rate Index ETF | 0.04 | 0.00 | 0.02 | 98 | Canadian Government Bonds | XMU.TO vs XFR.TO | |
| Brompton Canadian Cash Flow Kings ETF | 0.10 | — | — | 97 | Large Cap Blend Equities | XMU.TO vs KNGC.TO | |
| TD Active U.S. Enhanced Dividend CAD Hedged ETF | 0.14 | 0.18 | 0.19 | 50 | Dividend, Large Cap Blend Equities | XMU.TO vs TUEX.TO | |
| iShares MSCI Min Vol Emerging Markets Index ETF | 0.18 | 0.22 | 0.25 | 69 | Emerging Markets Equities | XMU.TO vs XMM.TO | |
| Invesco NASDAQ 100 Index ETF CAD Hedged | 0.21 | 0.28 | 0.39 | 66 | Nasdaq-100 | XMU.TO vs QQC-F.TO |
See all 38 diversifiers for XMU.TO
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