Looking to diversify beyond XQB.TO? The ETFs below have the lowest correlation with XQB.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 XQB.TO.
Best Diversifiers for XQB.TO
9 ETFs have low correlation with XQB.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 0.01, roughly unchanged from 0.10 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 | 0.01 | 0.18 | 0.10 | 98 | Canada Equities | XQB.TO vs XEI.TO | |
| iShares Floating Rate Index ETF | 0.02 | -0.01 | 0.00 | 98 | Canadian Government Bonds | XQB.TO vs XFR.TO | |
| Global X 0-3 Month T-Bill ETF | 0.04 | 0.06 | — | 99 | Canadian Government Bonds | XQB.TO vs CBIL.TO | |
| Purpose High Interest Savings Fund | 0.05 | 0.12 | 0.04 | 100 | Money Market | XQB.TO vs PSA.TO | |
| Global X High Interest Savings ETF | 0.05 | 0.08 | — | 100 | Money Market | XQB.TO vs CASH.TO |
See all 22 diversifiers for XQB.TO
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