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iShares MSCI Min Vol USA Index ETF (XMU.TO) Diversifiers

ETF · Currency in CAD · Last updated Jul 1, 2026

XMU.TO is a passive ETF by iShares tracking the investment results of the MSCI USA Minimum Volatility Index. XMU.TO launched on Jul 24, 2012 and has a 0.33% expense ratio.

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

5 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 0.04 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
XFR.TO
iShares Floating Rate Index ETF0.040.020.04
98
Canadian Government BondsXMU.TO vs XFR.TO
KNGC.TO
Brompton Canadian Cash Flow Kings ETF0.14——
95
Canada EquitiesXMU.TO vs KNGC.TO
XMM.TO
iShares MSCI Min Vol Emerging Markets Index ETF0.210.200.23
71
Emerging Markets EquitiesXMU.TO vs XMM.TO
QQC-F.TO
Invesco NASDAQ 100 Index ETF CAD Hedged0.240.290.39
59
Nasdaq-100XMU.TO vs QQC-F.TO
XMTM.TO
iShares MSCI USA Momentum Factor Index ETF0.260.320.27
78
Momentum, Large Cap Blend EquitiesXMU.TO vs XMTM.TO
See all 37 diversifiers for XMU.TO

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from XMU.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to XMU.TO and solid risk/return profiles. The least correlated is MCAN Mortgage Corporation (MKP.TO) (Financial Services) with a 1Y correlation of 0.18, roughly unchanged from 0.20 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
MKP.TO
MCAN Mortgage Corporation0.180.190.20
94
Financial Services

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Diversification Analysis

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