Looking to diversify beyond XMY.TO? The ETFs below have the lowest correlation with XMY.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 XMY.TO.
Best Diversifiers for XMY.TO
40 ETFs have low correlation with XMY.TO (below 0.3), 0 of which are negatively correlated. The least correlated is CI Munro Global Growth Equity Fund (CMGG.TO) (Global Equities) with a 1Y correlation of 0.05, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| CI Munro Global Growth Equity Fund | 0.05 | 0.15 | 0.29 | 67 | Global Equities | XMY.TO vs CMGG.TO | |
| Global X Innovative Bluechip Top 10 Index ETF | 0.09 | — | — | 69 | Global Equities | XMY.TO vs TTTX.TO | |
| iShares Core S&P 500 Index ETF | 0.09 | 0.17 | 0.23 | 78 | S&P 500 | XMY.TO vs XUS.TO | |
| iShares Canadian HYBrid Corporate Bond Index ETF | 0.09 | 0.17 | 0.12 | 52 | Corporate Bonds | XMY.TO vs XHB.TO | |
| Mackenzie All-Equity Allocation ETF | 0.11 | — | — | 90 | Global Equities | XMY.TO vs MEQT.TO |
See all 40 diversifiers for XMY.TO
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